$S=$$$55$ and there are call and put options with $x=$$$45$

I. A put option is out of the money and should be left to expire

II$.$ A call option is in the money and should be exercised

III. The intrinsic value of $$10$ for the call holder is paid by the put holder

a$.$ I only

b$.$ II only

C$.$ III only

d$.$ I, II$,$ and III

e$.$ I and II