question 20

Question 19 (2 points) A call option is in the money when A) Stock price is less than strike price O B) Stock price is greater than option premium O C ) Stock price is greater than strike price O D ) Stock price is equal to strike price Question 20 (2 points) The price of a stock on February 1 is $84. A trader buys 2 put options on the stock with a strike price of $90 when the option price is $10. The options are exercised when the stock price is $85. The trader's net profit or loss is A) Gain of $1000 O B) Loss of $1,000 O C) Loss of $2,000 OD) Gain of $200