Part one:

Choose a stock and look up its option chain on yahoo finance.

Part two:

Choose an option that is expiring in August. Look at the puts and calls that are nearest the market price of the stock.

In Excel, graph the option price (y) vs Strike Price (x) for the 10 strike prices nearest the current stock price (5 above and 5 below). Your graph should have 1 line for call options and one line for put options.

Part three:

On a separate graph, choose one strike price and look at the option premiums for the next 6 months.

Graph the option price (y) vs Expiration Date (x). You should again have one line for calls, and one line for puts.

Part four:

What information about options can you gain from each graph?