Question 3 (1 point) An investor sells a December put with a $30 strike price for $3. At the time of the sale the underlying stock traded at $28. Which of the following statements is true? a) When the option was sold the intrinsic value of the option was $1. and the time value was $2 per share. Ob) If at expiry the stock trades for $35, the investor will make a $500 profit plus the $300 premium Oc) The investor is selling an in-the-money option d) The investor is selling an out-of-the-money option Page 3 of 19 Previous Page Next Page Submit Quie Sof J7 questions and