Consider a 2-month European call option on Exxon Mobild (XOM) stock use any online OIC options calculator and with the help of "at-the-money" call option, use the data provided by options calculator to calculate the options:

price;

delta;

gamma;

vega;

theta;

rho;

i) explain briefly how to interpret each of these greeks?

ii) Verify the delta is correct by changing the stock price by $0.10 and recomputing the option price.

iii) Verify the gamma is correct by recomputing the delta with the same increase in price as in (ii).