16. YYZ stock is currently trading at a market price (S) of $50. You do not own the stock, but you are long a put option on 1 share with a strike price (X) of $43. The cost put (premium) was $2. In what direction do you hope the stock's price moves? * [) (5 Points) Higher Lower Stays the same or close to the same Moves up or down Cannot determine 17. XYZ stock is currently trading at a market price (S) of $50. You do not own the stock, but you are long a put option on 1 share with a strike price (X) of $43. The cost put (premium) was $2. Is the option "In-The-Money" (ITM), "Out-of-The-Money" (OTM) or "At-The-Money" (ATM)? * (5 Points) IM M ATM