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Below is information on Alpha's exchange traded options: Alpha's stock trades at $21.70 Option Call Call Put Put Expiry Apr 2021 Jul 2021 Jul 2021

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Below is information on Alpha's exchange traded options: Alpha's stock trades at $21.70 Option Call Call Put Put Expiry Apr 2021 Jul 2021 Jul 2021 Oct 2021 Last Price 2.90 0.45 2.25 8.10 Vol. 10 40 15 Strike 21.00 24.00 23.00 28.00 a)Which options are (if any) are out of the money) (1 mark) b)What is the intrinsic value (exercise value) of the July 2021 call option? (2 Marks) c)What is the time value of the July 2021 put option? (1 Mark) d}You purchased one Oct 2021 put contract today at $8.10. Two weeks later the stock trades at $22.30 and the premium on the put is $7.85. Is this put contract worth exercising? (2 Marks) e)If you purchased ten July 2021 call option contracts today for a premium of $0.45 and you sold them on the expiry date, what is your total profit (or loss) if the stock was trading at spot price of $24.20 at expiry? (2 Marks) Below is information on Alpha's exchange traded options: Alpha's stock trades at $21.70 Option Call Call Put Put Expiry Apr 2021 Jul 2021 Jul 2021 Oct 2021 Last Price 2.90 0.45 2.25 8.10 Vol. 10 40 15 Strike 21.00 24.00 23.00 28.00 a)Which options are (if any) are out of the money) (1 mark) b)What is the intrinsic value (exercise value) of the July 2021 call option? (2 Marks) c)What is the time value of the July 2021 put option? (1 Mark) d}You purchased one Oct 2021 put contract today at $8.10. Two weeks later the stock trades at $22.30 and the premium on the put is $7.85. Is this put contract worth exercising? (2 Marks) e)If you purchased ten July 2021 call option contracts today for a premium of $0.45 and you sold them on the expiry date, what is your total profit (or loss) if the stock was trading at spot price of $24.20 at expiry? (2 Marks)

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