The Chicago Board Options Exchange (CBOE) is one of the world's largest options exchanges. CBOE and other options exchanges trade contracts that give buyers and sellers the right to trade investment assets at a specific price within a specific time period. option gives the option holder the right to sell an asset at a fixed price during a particular period. The fixed price that the asset may be sold at is called the exercise price. The following table shows the options quotation in U.S. dollars for Big Walnut Nut Company for June 30 of this year. Option Put-Last Quote September Closing Price $48.00 $4.40 HN M Strike Price $52.00 $44.00 $54.00 Call-Last Quote September $4.00 $6.00 $3.20 $48.00 $2.40 $48.00 $5.20 If you could exercise the options listed only on the expiration date (the third Friday of September), then these options would be options. Assuming that the options listed are American options, on June 30, which of the call options for Big Walnut Nut Company listed in the table is in-the- money? O Option 2 Option 1 O Option 3