It is October. November and December put options on XYZ$,$ Inc. are available with exercise prices of $$80,$ $$90,$ and $$100.$ Among the different options, the $\_\_\_\_$ option with the $\_\_\_\_\_$ exercise price will have the highest value.

Question $2$ Answer

a$.$

November; $$90$

b$.$

December; $$100$

c$.$

November; $$80$

d$.$

November; $$100$

e$.$

December; $$80$