1. Draw the binomial lattice and show the fair value of the Call, the Intrinsic value, and time value at each node. (show calculations in an appendix).
2. Is the call correctly priced in your opinion? If not, how would you take advantage of the mis-pricing?

		June 24 Options
		E = 210
Date	Stock Close Price	Call	Put
3/21/2022	211.49	5.95	4.1
3/22/2022	216.65	11.5	3.28
3/23/2022	213.46	8.4	3.25
3/24/2022	219.57	13.57	2.84
3/25/2022	221.82	14.95	1.4
3/28/2022	223.59	16.58	1
3/29/2022	229.86	22.8	1.35
3/30/2022	227.85	21.2	1.2
3/31/2022	222.36	16	1.05
4/1/2022	224.85	16	1.2
4/4/2022	233.89	24.89	0.75
4/5/2022	231.84	23	0.8
4/6/2022	223.3	18.2	1.4
4/7/2022	222.95	17.5	1.4
4/8/2022	222.33	17.4	1.42
4/11/2022	216.46	10.46	3.05
4/12/2022	214.14	8	4
4/13/2022	214.99	8.1	4.2
4/14/2022	210.18	4.25	5.1
4/18/2022	210.77	4.7	4.95
4/19/2022	217.31	10.31	4.2
4/20/2022	200.42	1.5	11.58
4/21/2022	188.07	1.5	21.6
4/22/2022	184.11	1.25	27.44
4/25/2022	186.99	1.4	25.36
4/26/2022	180.95	1.4	30.1
4/27/2022	174.95	0.85	35.75
4/28/2022	205.73	4.2	7.77
4/29/2022	200.47	3.15	11.55
5/2/2022	211.13	4.22	4.35
5/3/2022	212.03	5.03	4.15
5/4/2022	223.41	15.2	3.5
5/5/2022	208.28	3.12	3.75
5/6/2022	203.77	3	8.73
5/9/2022	196.21	1.9	14.32
5/10/2022	197.65	1.94	12.65
5/11/2022	188.74	1.44	21.95
5/12/2022	191.24	1.6	19.51
5/13/2022	198.62	3.01	12.66
5/16/2022	200.04	2.99	11.05
5/17/2022	202.62	2.9	8.38
5/18/2022	192.24	1.6	18.12
5/19/2022	191.29	1.4	19.3

Tom Harris is interested in the relationship between stock prices and option prices with the same maturities written on a given stock. He decided to select two company stocks from different sectors with different expected volatilities. He especially was interested in the trends in Put and Call prices as stock prices move in a single direction. He was also interested in option Greeks. Delta: Describes the relationship between the price of the option and the value of the stock. It's the slope of the payoff function curve of an American Option prior to expiration. The option has time value and therefore it lies above the at expiration payoff. In other words, Delta is the change in the price of an option for a one-unit change in the price of the underlying asset. Delta call C-C S-S Delta for a call option>0 as S C Delta of a put option 0 as S C Delta of a put option