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22. XYZ stock is currently trading at a market price (S) of $50. You do not own the stock, but you are long a put

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22. 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 put cost (premium) was $2. The stock price rises to $51 on expiration date. Do you exercise the option? * [) (5 Points) Yes No 23. Boricua stock is currently trading at a market price (S) of $95. You do not own the stock, but you have an options strategy in place. You are long a put option on 1 share with a strike price (X) of $92 and a long call option with a strike price (X) of $97. The put option's premium was $5. The call option's premium was $6. How would you describe this strategy? * (5 Points) Builish. Bearish Neutral Directional

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