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Consider the following 4 options on AAPL: (1) 1-year 25-delta call, (2) 1-year 25-delta put, (3) 1-year 50-delta call, (4) 2-year 50-delta put. (a) Which
"Consider the following 4 options on AAPL: (1) 1-year 25-delta call, (2) 1-year 25-delta put, (3) 1-year 50-delta call, (4) 2-year 50-delta put. (a) Which of the 4 options has the highest strike? (b) Which of the 4 options has the lowest strike? (c) Which of the 4 options will go up the most in value if the AAPL volatility goes up? (d) Which of the 4 options has the highest gamma? (e) Which of the 4 options has the highest value? (Answer the questions using a clean integer number (1-4) with no decimal, no comma, no parentheses)
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