Problem 3-16 Using Options Quotations (LO4, CFA4) Use the following quotes for JCPenney stock options: November 27, 201s The Money tradde Lookhup Option Strike 8 00 JCP151127C00009000 62 JCP151127C00009000 99 CP151127C00009500 074 179 18 1 00 0 60 000% 12 20 1 10 000% 9 50 1000 JCP151127C00010000 040 44 0 48 10 50 11.00 JCP151127C00011000 016 015 01 0 78 000% 12 00% -500% 13 24 19 51 50 105 47 41 CP151127C00010500 028 026 029 0 03 001 Puts