Scenario #2 Vinod makes another transaction to SELL (WRITE) 9 PUT contracts of MNK Ltd stock as per the following details. Strike Price $93 Put Price (Premium) $9 Expiry Date: Jan 18, 2020 Market Price of MNK Stock $98 Answer the following questions. (1 Mark for each question) What are the rights/obligations of Vinod in this transaction? As the seller he is obliggated to buy the underlying stock at the strike price of $93 How many shares does Vinod control? Is this option in the money or out-of-the-money? What is the intrinsic Value of the Options? What is the Time Value of the Options? What is his maximum potential loss in this transaction? What is his maximum potential gain in this transaction? What is Vinod's expectation of the future price of MNK stock? If the market price of MNK stock goes up, what will happen to the price of HMT Option? If the MNK company announces dividend of $2 per share during this period, will Vinod be entitled for dividend