149.04 4.46 Vol 4997840 Bid Ask Vol Open Int MINTL BUSINESS MACHINES) Oct 2015 @ 16:39 ET Bid 148.72 Ask 149.04 Size 3 x 3 Last Net Last Open Sale Ask Vol Int Puts Sale Net Bid 15 Oct 10.00 BM 1516140) 9.55 4.10 9.15 9.50 35 390 15 Oct 140.00 (BM1516V140) 0,36 -0.62 0.35 15 Oct 115.0008M1516J145) 495 2.86 4.80 5.20 234 1689 15 Oct 145.00 (BM1516V145) 0.89 -1.30 0.86 15 Oct 60.00 (IBM1516.J150) 150 1.13 153 154 786 3380 15 Oct 150.00 UBM1516V150) 2.44 -3.62 2.24 15 Oct155.00 (BM15161551 0.23 0.19 0.18 0.19 662 4569 15 Oct 155.00 (IBM1516V155) 6.01 5.99 5.60 15 Nov 110.00 BM1506K1401 6.77 0 10.45 11.05 0 73 15 Nov 140.00 (BM1506W1401 1.76 -1.64 1.93 15 Nov 15.00 BM1506K145) 5.83 158 6.70 6.90 94 191 15 Nov 145,00 (IBM1506W145) 3.00 -2.69 3.20 15 Nov 10.00 WIBM1506K150 3,86 1.84 3.65 3.85 314 43 15 Nov 150.00 BM1506W150 8.66 0 5.40 15 Nov 15.00 BM 1506K1551 1.72 0.90 167 1.74 135 123 15 Nov 155.00 (BM1506W155) 8.30 0 7.85 Data from Chicago Board Options Exchange at www.boc.com. 0.36 834 0.87 855 2.47 180 6.30 81 2.00 34 3.35 33 5.55 0 8.80 2 3762 2395 2774 2985 54 78 11 0 Question 1: Which contract was most traded that day? You will specify the date, the price as follows only if it's a call or put. Question 2: Which contract is the most held on October 5, 2015? You will specify the date, the price as well as whether it is a call or put. Question 3: Suppose you buy a single option contract with the symbol IBM1516J150. How much will you have to pay your dealer for the option (ignoring the fee for the IBM1516J150)? commission)? Question 4: Explain why the last sale price is not always in the same range as the last sale price? between bid and ask prices. Question 5: Suppose you sell an option contract with the symbol IBM1516V150. How much would you receive for the option (ignoring the commission)? Question 6: a. What are the calls in the currency? (the calls with which strike prices are currently in-themoney)? b. Which puts are in-the-money? (Which puts are in-the- money?) Question 7: What is the difference between IBM1516J140 and IBM1506K140 contracts? Question 8: What is the difference between IBM1516J140 and IBM1506K140? a. When does the option with the IBM1516V140 symbol expire? b. In what range must IBM's stock price be on the expiration date for is this option valuable? 2 149.04 4.46 Vol 4997840 Bid Ask Vol Open Int MINTL BUSINESS MACHINES) Oct 2015 @ 16:39 ET Bid 148.72 Ask 149.04 Size 3 x 3 Last Net Last Open Sale Ask Vol Int Puts Sale Net Bid 15 Oct 10.00 BM 1516140) 9.55 4.10 9.15 9.50 35 390 15 Oct 140.00 (BM1516V140) 0,36 -0.62 0.35 15 Oct 115.0008M1516J145) 495 2.86 4.80 5.20 234 1689 15 Oct 145.00 (BM1516V145) 0.89 -1.30 0.86 15 Oct 60.00 (IBM1516.J150) 150 1.13 153 154 786 3380 15 Oct 150.00 UBM1516V150) 2.44 -3.62 2.24 15 Oct155.00 (BM15161551 0.23 0.19 0.18 0.19 662 4569 15 Oct 155.00 (IBM1516V155) 6.01 5.99 5.60 15 Nov 110.00 BM1506K1401 6.77 0 10.45 11.05 0 73 15 Nov 140.00 (BM1506W1401 1.76 -1.64 1.93 15 Nov 15.00 BM1506K145) 5.83 158 6.70 6.90 94 191 15 Nov 145,00 (IBM1506W145) 3.00 -2.69 3.20 15 Nov 10.00 WIBM1506K150 3,86 1.84 3.65 3.85 314 43 15 Nov 150.00 BM1506W150 8.66 0 5.40 15 Nov 15.00 BM 1506K1551 1.72 0.90 167 1.74 135 123 15 Nov 155.00 (BM1506W155) 8.30 0 7.85 Data from Chicago Board Options Exchange at www.boc.com. 0.36 834 0.87 855 2.47 180 6.30 81 2.00 34 3.35 33 5.55 0 8.80 2 3762 2395 2774 2985 54 78 11 0 Question 1: Which contract was most traded that day? You will specify the date, the price as follows only if it's a call or put. Question 2: Which contract is the most held on October 5, 2015? You will specify the date, the price as well as whether it is a call or put. Question 3: Suppose you buy a single option contract with the symbol IBM1516J150. How much will you have to pay your dealer for the option (ignoring the fee for the IBM1516J150)? commission)? Question 4: Explain why the last sale price is not always in the same range as the last sale price? between bid and ask prices. Question 5: Suppose you sell an option contract with the symbol IBM1516V150. How much would you receive for the option (ignoring the commission)? Question 6: a. What are the calls in the currency? (the calls with which strike prices are currently in-themoney)? b. Which puts are in-the-money? (Which puts are in-the- money?) Question 7: What is the difference between IBM1516J140 and IBM1506K140 contracts? Question 8: What is the difference between IBM1516J140 and IBM1506K140? a. When does the option with the IBM1516V140 symbol expire? b. In what range must IBM's stock price be on the expiration date for is this option valuable? 2