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The current market price of a share of LLY stock is $60. If a put option on this stock has a strike price of $55,

The current market price of a share of LLY stock is $60. If a put option on this stock has a strike price of $55, the put

Multiple Choice is in the money. is at the money sells for a lower price than if the market price of LLY stock is $50. is in the money and sells for a lower price than if the market price of LLY stock is $50. is out of the money and sells for a lower price than if the market price of LLY stock is $50.

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