Question
The table below contains information for an XRAY, Inc. call option. XRAY common stock is currently selling for $36.80. Expiration Strike Last Volume Open Interest
The table below contains information for an XRAY, Inc. call option. XRAY common stock is currently selling for $36.80.
| Expiration | Strike | Last | Volume | Open Interest |
| Nov | 34.00 | 3.00 | 2,156 | 11,579 |
|
| ||||
a. Is the option in the money?
b. What is the profit on this position?
c. Suppose that on the expiration date the stocks price is $32.00. Will you exercise the call option?
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