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Consider a put option and a call option with different strike prices but the same time to maturity. Assume that the strike price of the

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Consider a put option and a call option with different strike prices but the same time to maturity. Assume that the strike price of the call is lower than that of the put. Which of the following is true? a. At least one of the options must be out of the money b. When one of the options is in the money or at the money, the other must be out of the money c. It is possible for both options to be out of the money d. It is possible for both options to be in the money TE

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