1.Fill in the blank:

a._________ is the upfront cost that is paid to get options.

b.To _________ is to execute the trade specified on the option contract.

c.Financial options give the owner the right but not _________ to trade a specified amount of underlying at a specified price. This price is called _________ price.

d.The option to buy is called _________ and the option to sell is called __________.

e.Selling an option is also called ____________.

f.American options allow owner to trade any time, __________ option owners can only trade at expiry.

2.Apple call options strike $330 is trading at $10 today. Upon expiry, at what price of apple stock, the option is exercised? At what range of stock price, the option is profitable?