Please show detailed steps. Thank you

1. (30 pts) Use the American option quote information shown below to answer the following questions. The underlying stock is the same one that is currently (in November 26, 2020) selling for $77. Strike Price 80 Expiration May (of 2021) June (of 2021) August (of 2021) October (of 2021) 80 Calls Price Puts Price 3.80 2.20 6 3.40 9.05 4.80 8.88 4.95 80 80 (a). (10 pts) Are the call options in the money? What is the intrinsic value of a call option? (b). (10 pts) Are the put options in the money? What is the intrinsic value of a put option? (c). (10 pts) Two of the options are clearly mispriced. Which ones? At a minimum, what should be the mispriced options sell for? Explain how you could profit from the mispricing in each case? 1. (30 pts) Use the American option quote information shown below to answer the following questions. The underlying stock is the same one that is currently (in November 26, 2020) selling for $77. Strike Price 80 Expiration May (of 2021) June (of 2021) August (of 2021) October (of 2021) 80 Calls Price Puts Price 3.80 2.20 6 3.40 9.05 4.80 8.88 4.95 80 80 (a). (10 pts) Are the call options in the money? What is the intrinsic value of a call option? (b). (10 pts) Are the put options in the money? What is the intrinsic value of a put option? (c). (10 pts) Two of the options are clearly mispriced. Which ones? At a minimum, what should be the mispriced options sell for? Explain how you could profit from the mispricing in each case