An option contract gives its buyer the right to either buy or sell an underlying asset at a specific price on a specified date.

Consider the following situations and select the ones where the investor can and should choose to exercise the option at expiration.

Group of answer choices

Jane sells a put option on Google Inc. stock at strike price of $1,750 per share. At expiration, the market price of Google stock is $1,800 per share.

Emma purchases a put option on Google Inc. stock at strike price of $1,750 per share and paid $150 for option premium. At expiration, the market price of Google stock is $1,500 per share.

Andrew sells a call option on Google Inc. stock at strike price of $1,750 per share. At expiration, the market price of Google stock is $1,800 per share.

Alice purchases a put option on Google Inc. stock at strike price of $1,750 per share and paid $200 for option premium. At expiration, the market price of Google stock is $1,900 per share.

Ike purchases a call option on Google Inc. stock at strike price of $1,750 per shareand paid $100 for option premium. At expiration, the market price of Google stock is $1,500 per share.

Mike purchases a call option on Google Inc. stock at strike price of $1,750 per share. At expiration and paid $200 for option premium, the market price of Google stock is $1,900 per share.