iShares MSCI Emerging Markets (EEM) Put Options

Close (Oct. 30, 2014):	$0.46
Previous Close:	$0.33
Open:	$0.48
Bid:	N/A
Ask:	N/A
Strike:	$42.50
Expire Date:	22-Nov-14

Day's Range:	0.36 - 0.49
Contract Range:	N/A - N/A
Volume:	38,981
Open Interest:	11,202

Answer the below questions while assuming that the closing price of EEM was $41.97 on October 30, 2014:

1- What is the percentage change in the price of the put option from Oct. 29 till Oct. 30? (5 points)

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2- What is meant by open interest and volume? (5 points)

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3- Is the writer of 100 contracts of the above EEM put option stocks going most likely to buy the underlying assets in light of any exercise decision the put holder is going to make on October 30? If yes, why? (5 points)

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4- What is the writers profit/loss from this transaction? (10 points)