Suppose the stock subsequently goes up from $96.00 to $110.00 tomorrow. Explain why the option price is likely to be closer to its lower-bound price as the stock rises to $110 than it was when the stock price was $96.00. Part 2 - Valuing Financial Options A stock is currently selling on the New York Stock Exchange for $96.00. We want to consider the values of call and put options on the stock at different strike prices (i.e. exercise prices)