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7. JNJ is trading at $164 a. The June 160 strike calls are trading at $5.90. What is the intrinsic value? What is the time

7. JNJ is trading at $164 a. The June 160 strike calls are trading at $5.90. What is the intrinsic value? What is the time value? b. The May 165 strike calls are trading at $2.05. What is the intrinsic value? What is the time value? c. The May 170 strike puts are trading at $6.50 What is the intrinsic value? What is the time value?
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7. NNJ is trading at $164 a. The June 160 strike calls are trading at $5.90. What is the intrinsic value? What is the time value? b. The May 165 strike calls are trading at $2.05. What is the intrinsic value? What is the time value? c. The May 170 strike puts are trading at $6.50 What is the intrinsic value? What is the time value

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