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Chipotle Mexican Grill, Inc. common stock currently sells for $1,299.45 per share, and the standard deviation of returns is 53.90%. A call option with a
Chipotle Mexican Grill, Inc. common stock currently sells for $1,299.45 per share, and the standard deviation of returns is 53.90%. A call option with a strike price of $1,300 is currently trading on the market at $204.23 per call option. The option expires in six months, and the risk-free rate of return is 2.9%. Chipotle does not pay a dividend. Chipotle has a delta of 0.58998 and a gamma (1) of 0.00078. If Chipotle's stock price increases by $11, what will the new call price be using both delta and gamma to determine the change? O $210.77 $204.46 O $212.81 O $208.67
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