Deriviaitives

Vinod makes another transaction to SELL (WRITE) 4 PUT contracts of MNK Ltd stock as per the following details.

Strike Price $91

Put Price (Premium) $9

Expiry Date: Jan 18, 2020

Market Price of MNK Stock: $9

1.What are the rights/obligations of Vinod in this transaction?

2.How many shares does Vinod control?

3.Is this option in-the-money or out-of-the-money?

4.What is the Intrinsic Value of the Options?

5.What is the Time Value of the Options?

6.What is his maximum potential loss in this transaction?

7.What is his maximum potential gain in this transaction?

8.What is Vinod's expectation of the future price of MNK stock?

9.If the market price of MNK stock goes up, what will happen to the price of HMT Option?

10.If the MNK company announces dividend of $2 per share during this period, will Vinod be entitled for dividend?

I want step wise solutions all these 10 Questions