An investor is long 1 August XYZ 30 put and XYZ has a current market value of 35. Which of the following is true?

Question 3 options:

1) The August 30 put is in the money by 5 points

2) The August 30 put is at the money

3) The August 30 put is out of the money by 5 points

4) The August 30 put has a positive intrinsic value