Part $(1)$ Option Quotations for the M&B Corporation are listed as follows:

$.............................................$CALL.............PUT

Closing.....Strike....EXP...Premium.....Premium

$50\mathrm{.}6...........\mathrm{.}51\mathrm{.}5......$Jul.......$\mathrm{.}0\mathrm{.}250..........\mathrm{.}1\mathrm{.}30$

$50\mathrm{.}6...........\mathrm{.}51\mathrm{.}5......$Sep.....$\mathrm{.}0\mathrm{.}400..........\mathrm{.}1\mathrm{.}45$

$50\mathrm{.}6...........\mathrm{.}56\mathrm{.}5......$Aug.....$\mathrm{.}0\mathrm{.}500........\mathrm{.}6\mathrm{.}60$

$50\mathrm{.}6...........\mathrm{.}61\mathrm{.}5......$Oct......$\mathrm{.}0\mathrm{.}700........\mathrm{.}11\mathrm{.}8$

$50\mathrm{.}6...........\mathrm{.}66\mathrm{.}5......$Jun....$\mathrm{.}1\mathrm{.}00...........\mathrm{.}17\mathrm{.}0$

Closing represents the closing price per share of M&B on a particular trading day.

Is the September $($Sep$)$ call option in$-$the$-$money or out$-$of$-$the$-$money?

$($answer with the word IN or the word OUT$)$

Is the June $($Jun$)$ put option in$-$the$-$money or out$-$of$-$the$-$money?

$($answer with the word IN or the word OUT$)$

Part $(2)$ How much would it cost in premiums to invest in an October $($OCT$)$ straddle on M&B$?$ $

Place your answer in dollars and cents without a dollar sign.