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Consider an European put option on Apple with 6 months to expiration and a strike price of $125. The current share price is $130 and

Consider an European put option on Apple with 6 months to expiration and a strike price of $125. The current share price is $130 and put premium is $0.51. Find moneyness, the intrinsic and time value of the option.

Answer: OTM, $0, $0.51

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