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able 1.2 Prices of call options on Alphabet Inc. (Google), May 3, 2016: stock price: bid $695.86, offer $696.25 (Source: CBOE). Strike price June 2016

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able 1.2 Prices of call options on Alphabet Inc. (Google), May 3, 2016: stock price: bid $695.86, offer $696.25 (Source: CBOE). Strike price June 2016 Bid September 2016 December 2016 Bid Offer 43.4045.1060.80 62.70 72.70 76.70 29.20 30.6047.7050.7060.90 64.70 18.3018.9037.0039.2049.70 52.50 9.9010.5027.50 29.50 40.10 42.80 5.20 19.80 21.60 31.40 34.40 Offer Bid Offer 660 680 700 720 740 4.70

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