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Ex Last Vol Open Series Price Sale Ctrs Int CALL OPTIONS Apple (AAPL) Last Sale Price $120 Dec 20 80 40.13 Dec 20 100

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Ex Last Vol Open Series Price Sale Ctrs Int CALL OPTIONS Apple (AAPL) Last Sale Price $120 Dec 20 80 40.13 Dec 20 100 18.46 Dec 20 120 5.62 Dec 20 140 4.65 Mar 21 80 40.86 Mar 21 100 23.59 Mar 21 120 11.40 Mar 21 140 3.71 Jun 21 Jun 21 Jun 21 Jun 21 80 100 42.09 26.43 120 12.19 140 14.16 It is November 2020. A selection of American call option prices for Apple (AAPL) are shown above. There are a few things about these option prices that do not make sense. Identify which prices appear to be wrong and briefly explain why. You should find three things wrong. No calculations are necessary - your intuition should suffice.

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