Go towww.cboe.com. Under "Quotes and Data," select "Delayed Quotes." Under "Delayed Options Quotes," enter the ticker symbol for a stock in which you are interested and access the results for near-the-money options that are next expiring.(If for some reason, the data does not show call and put option(s) trading for your stock with call(s) and put(s) expiring the same day, choose another stock.)

Look at the "Net" column, which shows the net increase or decrease for the option premium. Collect information:

1. What stock ticker did you use?

2. What date did you access the information?

3. What is the expiration date for the soonest expiring call and put option(s) on your stock?

4. Overall, for the expiration date in 1.c., did the premium on call option(s) increase or decrease?

5. Overall, for the expiration date in 1.c., did the premium on put option(s) increase or decrease?

6. How do you think the underlying price of the stock you chose was changing on the day you accessed the information? Give a full explanation for why you think the price was changing in this way.