The Home Product, Inc. (HP) Stock Price $199.50 Calls Expiration Contract Name Strike Price Premium C Volume Open Interest HP220518C00195000 7.20 6 49 HP220518C00200000 4.10 7 15 Puts Expiration Contract Name Strike Price Premium P Volume Open Interest HP220518P00195000 2.35 6 49 HP220518P00200000 3.85 7 15 1) Read the call and put option contract names carefully. What is the expiration date of the options? 2) What are the strike prices for each option? Fill in the blank cells in the table. 3) What is the meaning of Volume? What is the meaning of Open Interest? 4) For each of the four options, are they in the money or out of the money given the stock price and strike price? 5) For each of the four options, the premium is given in the table. Calculate the intrinsic value and time value for each of the four options. 3. The Home Product, Inc. stock price just changed to $196. If time value stay the same as your answers in Part 5) of Question 2, what will be the new premiums of all the four options? The Home Product, Inc. (HP) Stock Price $199.50 Calls Expiration Contract Name Strike Price Premium C Volume Open Interest HP220518C00195000 7.20 6 49 HP220518C00200000 4.10 7 15 Puts Expiration Contract Name Strike Price Premium P Volume Open Interest HP220518P00195000 2.35 6 49 HP220518P00200000 3.85 7 15 1) Read the call and put option contract names carefully. What is the expiration date of the options? 2) What are the strike prices for each option? Fill in the blank cells in the table. 3) What is the meaning of Volume? What is the meaning of Open Interest? 4) For each of the four options, are they in the money or out of the money given the stock price and strike price? 5) For each of the four options, the premium is given in the table. Calculate the intrinsic value and time value for each of the four options. 3. The Home Product, Inc. stock price just changed to $196. If time value stay the same as your answers in Part 5) of Question 2, what will be the new premiums of all the four options