Please answer the questions. Thank you!

20. You bought 100 3-month European call options on IBM stock with a strike price of $70. The current price is $68 with two months yet to go. The option price you paid was $2. Which of the following is true: a. you would clearly choose to exercise your option; b. you would probably choose not to exercise your option yet; c. you would probably sell the options for $7; d. you would clearly sell the shares for $68 21. A trader that wishes to take a position in the option market betting on the movement in the prices of the underlying assets. a. arbitrageurs b. hedgers c. speculators d. floor trader 22. Which of the following is true for Open Interest: a. it is the number of contracts traded during a period of time; b. it is the total number of short and long positions outstanding; c. it is the total number of long positions outstanding: d. it is the total number of traders in the market at that time