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17. Which of these options is in-the-money today? A) Both B) Neither C) Only Option 1 D) Only Option 2 18. Today you buy Option

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17. Which of these options is in-the-money today? A) Both B) Neither C) Only Option 1 D) Only Option 2 18. Today you buy Option 1 and sell Option 2; (i.e. bear Put vertical spread). At expiration the stock price equals $134. What is your profit or loss (on a per share basis)? A) You are at breakeven B) A loss of $2 C) A loss of $4 D) A profit of $4 E) A profit of $6 19. Suppose you purchase Option 1 and also purchase Option 2. What is your breakeven stock price (on a per share basis) at expiration? A) $124 B) $126 C) $134 D) $136 E) $138

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