Question 5 A trader holds the stock APPLE with position 200 in February. He expected that the price will not be higher than $200 at the end of May. Then he decided to trade an option (Covered called) to earn the premium. AAPL Select an option below C172.14 TABBED VIEW APR 14 '22 5 DAYS MAY 20'22 41 DAYS JUN 17 '22 69 DAYS MORE 8 STRIKES SMART AAPL 100 PUT/CALL STRIKE IV: 29.1% DELTA -0.201 -0.279 155 160 BIDX ASK 17.25 x 17.55. 13.30 x 13.60. 9.70 x 9.95 6.70 x 6.85 4.30 x 4.40 2.57 x 2.66 1.45 x 1.52 0.83 x 0.85 165 DELTA 0.802 0.725 0.628 0.513 0.389 CALLS VOLUME OPTN ... 81 9.69K 179 5.84K 584 8.73K 2.16K 19.7K 4.60K 25.4K 6.27K 45.3K 1.60K 50.2K 2.12K 31.8K BIDX ASK 2.31 x 2.38 3.30 x 3.45 4.75 x 4.90. 6.70 x 6.85 9.25 x 9.45 12.40 x 12.75 16.20 x 16.80 20.55 x 21.15. PUTS VOLUME OPTN ... 3.01K 18.9K 6.74K 35.5K 1.99K 32.6K 2.36K 38.OK 657 16.5K 93 7.37K 4 2.87K 31 1.58K -0.375 -0.489 170 175 -0.612 -0.729 0.273 180 185 0.176 -0.825 -0.892 0.109 190 The strike price is $190. The premium is the mid-price of the bid-ask price, and the number of positions is 2. a) What is the type of the option? (1) Long Call / (2) Short Call (3) Long Put (4) Short Put b) What is the option's moneyness? (1) In-the-money/(2) At-the-money (3) Out-of-money c) What is the break-even point of the option? d) If the option will not be executed at expiration date, how much premium in total he receives? (Ignore the administration cost)