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7. Below is the option price quotes for AMR stock, contracts are for 100 shares: AMR Underlying stock price $15.50 Expiration Call Put STRIKE LAST

7. Below is the option price quotes for AMR stock, contracts are for 100 shares:

AMR

Underlying stock price $15.50

Expiration

Call

Put

STRIKE

LAST

VOLUME

OPEN INTEREST

LAST

VOLUME

OPEN INTEREST

May

14.00

2.30

12

578

0.45

20

4175

Jan

14.60

1.30

60

17062

0.15

138

58909

  1. How much is the intrinsic value of the May call option?

  1. How much is the time value of the May call option?

  1. How much is the intrinsic value of the Jan put option?

  1. How much is the time value of the Jan put option?

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