1. Box 1, what is the intrinsic value of the put option at the $7.00 strike price given the current futures price?

A) $0.00

B) $0.25

C) $0.50

D) $1.00

2. Box 2, what is the intrinsic value of the put option at the $6.75 strike price given the current futures price?

A) $0.00

B) $0.25

C) $0.50

D) $1.00

3. Box 3, what is the intrinsic value of the put option at the $6.50 strike price given the current futures price?

A) $0.00

B) $0.25

C) $0.50

D) $1.00

4. Box 4, what is the intrinsic value of the put option at the $6.25 strike price given the current futures price?

A) $0.00

B) $0.25

C) $0.50

D) $1.00

5. Box 5, what is the intrinsic value of the option at the $6.00 strike price?

A) $0.00

B) $0.25

C) $0.50

D) $1.00

Use the following information to calculate the boxes in the PUT option table below. Date: March Contract: July Soybean PUT Option Futures Price: $6.50 Intrinsic Value Box 1 Strike Price $7.00 $6.75 $6.50 $6.25 $6.00 Box 2 Box 3 Box 4 Box 5