Suppose that you've written a put option contract (of 100 shares) on a given stock with an exercise price $25. The current stock price is $27, and the value of the option $0.70. By how much is this option out of the money? It is at-the-money. $0.70 $2 $27 Question 52(1 point) Which of the following terms is used to describe an option that provides a fixed-dollar amount if a certain condition is satisfied? Asian option Barrier option Binary option Basket option