QUESTION 26

OPTIONS MARKET. For all questions in this section. Option quotations on a stock are shown below. The current stock price, S, is $104 per share. The August 90 CALL option is:

	Strike	Expiration		Call	Put
	90	Aug		15.625	1.1875
	95	Aug		11.75	2.25
	110	Oct		8.75	14.125
	115	Oct		6.375	16
A. in the money
B. at the money
C. out of the money

QUESTION 27

OPTIONS MARKET. Calculate the intrinsic value of the August 90 CALL per contract

A. $1,400

B. $1,562.50

C. $0

D. None of the above

QUESTION 28

OPTIONS MARKET. The TIME VALUE per share of the August 90 CALL is:

A. $0

B. 1.625

C. $15.625

D. $14

E. None of the above

QUESTION 29

OPTIONS MARKET. If the August 90 CALL expires at-the-money, the August 90 PUT would expire

A. at the money

B. in the money

C. out of the money

QUESTION 30

OPTIONS MARKET. If the option expires out-of-the money, your gain or loss per contract is:

A. -$1,562.50

B. -$1,400

C. $0

D. -$1,625