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38. Assume you observe a volatility skew in options on AAPL. The stock is currently trading at $245. Which option do believe will have the

38. Assume you observe a volatility skew in options on AAPL. The stock is currently trading at $245. Which option do believe will have the highest implied volatility?

a. A $225 strike call.

b. A $245 strike call.

c. A $255 strike call.

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