There are a number of web sites that will calculate the value of an option, some of the use Black Scholes. Some of the sites you may try include:

www.option-price.com www.optionsprofitcalculator.com www.calloptionputoption.com

Pick one of these or another web page that contains an option calculator and do the following:

Create acall optionthat you wish to price and input into the model the following (some calculators may ask for more information):

• Share Price
• Strike Price
• Time to Maturity
• Interest Rate
• Volatility

Submit your input and results in a table in WORD. What do the results tell you? How would you use the results of the model in your portfolio strategy? (Answer should be about 300 words.)