1. Use the supplemented data sheet to show me the put-call parity of Apple stocks striking $120 or $125, expiring on Feb 2016. Make sure to list the data you use in the analysis.

2. Use the supplemented data sheet to derive the upper and lower- boundary for call and put striking at $120, expiring on Feb 2016. Is the real price within the boundaries? (two boundaries for call, and two boundaries for put)

Apple Inc. (AAPL) Watchlist 122.57 +1.39(+1.15%) NASDAQ - As of 4:00PM EST After Hours: 122.42 -0.15 (-0.12%) 6:39PM EST : % February 19, 2016 In The Money List Straddle Lookup Calls Strike Filter Contract Name Last Bid Ask Change "Change Volume Open Interest 70.00 AAPL160219C00070000 45.00 52.45 52.75 0.00 0.00% 9 11 75.00 AAPL160219C00075000 40.25 47.45 47.75 0.00 0.00% 3 3 7 80.00 AAPL160219C00080000 40.15 42.45 42.70 0.00 0.00% 4 90 og 85.00 AAPL160219C00085000 33.55 37.45 37.70 0.00 0.00% 6 6 90.00 AAPL160219C00090000 32.70 32.55 32.85 1.60 5.14% 2 2 129 95.00 AAPL 160219C00095000 28.00 27.80 28.05 1.85 7.07% 7 7 95 100.00 AAPL160219C00100000 23.20 23.15 23.40 1.30 5.94% 155 2376 105.00 AAPL 160219C00105000 19.13 18.75 18.95 1.66 9.50% 49 1570 110.00 AAPL 160219C00110000 14.77 14.60 14.85 1.07 7.81% 316 2641 115.00 AAPL 160219C00115000 11.05 10.95 11.10 0.85 8.33% 647 3137 120.00 AAPL160219C00120000 7.80 7.80 7.95 0.70 9.86% 2732 15108 125.00 AAPL160219C00125000 5.25 5.25 5.35 0.50 10.53% 4111 10825 130.00 AAPL160219C00130000 3.40 3.35 3.45 0.43 14.48% 5037 5482 135.00 AAPL 160219C00135000 2.10 2.05 2.10 0.30 16.67% 858 7275 140.00 AAPL160219C00140000 1.25 1.22 1.27 0.17 15.74% 595 1630 145.00 AAPL160219C00145000 0.86 0.73 0.77 0.21 32.31% 810 391 150.00 AAPL160219C00150000 0.50 0.45 0.50 0.06 13.64% 24 1418 155.00 AAPL160219C00155000 0.35 0.30 0.35 0.11 45.83% 1 1 185 160.00 AAPL 160219C00160000 0.24 0.21 0.25 0.01 4.35% 50 20 165.00 AAPL 160219C00165000 0.18 0.15 0.20 0.02 12 50% 40 80 Puts Strike Fler Contract Name Last Bid Ask Change %Change Volume Open Interest 60.00 0.07 0.04 0.08 0.00 0.00% 54 48 AAPL160219P00060000 AAPL 160219P00065000 65.00 0.07 0.06 0.11 0.00 0.00% 4 22 70.00 AAPL160219P00070000 0.38 0.12 0.15 0.00 0.00% 10 10 75.00 AAPL160219P00075000 0.22 0.16 0.21 0.00 0.00% 20 66 80.00 AAPL 160219P00080000 0.26 0.23 0.28 -0.07 -21.21% 8 403 85.00 AAPL160219P00085000 0.45 0.34 0.39 0.00 0.00% 10 636 90.00 AAPL160219P00090000 0.51 0.50 0.55 -0.06 -10.53% 13 254 m/d/op?s=AAPL&date=1455840000 1/2 AAPL Option Chain | Yahool Inc. Stock - Yahoo! Finance AAPL 160219P00095000 0.74 0.74 0.79 -0.12 95.00 -13.95% 116 873 100.00 AAPL160219P00100000 1.15 1.15 1.17 -0.13 -10.16% 122 1690 105.00 AAPL 160219P00105000 1.79 1.73 1.78 -0.18 -9.14% 111 3366 110.00 2.66 2.64 2.70 -0.34 -11.33% 406 3441 115.00 4.03 4.00 4.10 -0.44 -9.84% 401 3287 AAPL 160219P00110000 AAPL 160219P00115000 AAPL 160219P00120000 AAPL 160219P00125000 120.00 5.90 5.85 6.00 -0.70 - 10.61% 2993 697 125.00 8.35 8.35 8.45 -0.90 -9.73% 385 1738 130.00 AAPL 160219P00130000 11.45 11.45 11.60 -1.40 -10.89% 337 1569 135.00 AAPL 160219P00135000 14.60 15.10 15.35 -1.80 -10.98% 55 853 140.00 AAPL160219P00140000 19.44 19.25 19.50 -1.47 -7.03% 15 100 145.00 AAPL160219P00145000 23.97 23.75 24.05 -1.58 -6.18% 2 12 150.00 AAPL 160219P00150000 31.49 28.50 28.80 0.00 0.00% 9 50 155.00 AAPL 160219P00155000 44.75 33.35 33.60 0.00 0.00% 17 17 160.00 AAPL160219P00160000 37.70 38.25 38.55 -2.45 -6.10% 9 17 3 Month LIBOR 6.00000% 4.80000% 3.60000% Interest Rate 2.40000% 1.20000% 0.00000% 1/2005 1/2006 1/2007 1/2008 1/2009 1/2010 1/2011 1/2012 1/2013 1/2014 1/2015 7/2005 7/2006 7/2007 7/2008 7/2009 7/2010 7/2011 7/2012 7/2013 7/2014 7/2015 2015 MoneyCafe.com 3 Month LIBOR Month 2005 2012 Jan Feb Mar Apr May Jun 2006 2007 2008 2009 2010 2011 2013 2014 2015 2.74390% 4.67950% 5.36010% 4.70250% 1.42500% 0.25063% 0.30281% 0.58100% 0.30600% 0.24610% 0.25560% 2.91010% 4.81920% 5.35980% 3.11188% 1.18438% 0.24906% 0.30438% 0.54235% 0.29800% 0.23660% 0.25310% 3.09950% 4.98980% 5.34790% 3.05750% 1.26438% 0.25169% 0.30950% 0.48425% 0.28710% 0.23565% 0.26185% 3.21070% 5.14790% 5.35550% 2.68813% 1.19188% 0.29150% 0.30300% 0.46815% 0.28260% 0.23060% 0.27075% 3.32920% 5.23350% 5.35950% 2.85000% 1.01625% 0.34656% 0.27300% 0.46585% 0.27310% 0.22335% 0.27875% 3.50450% 5.50850% 5.35930% 2.68063% 0.65625% 0.53625% 0.25288% 0.46685% 0.27525% 0.22740% 0.28375% 3.69480% 5.48890% 5.36000% 2.78313% 0.59500% 0.53394% 0.24575% 0.46060% 0.27310% 0.23070% 0.28320% 3.87200% 5.40140% 5.35866% 2.79125% 0.47938% 0.45375% 0.25550% 0.44260% 0.26560% 0.23910% 0.30860% 4.00550% 5.37250% 5.62125% 2.81063% 0.34750% 0.29563% 0.32722% 0.41825% 0.25950% 0.23360% 0.32900% 4.25230% 5.37290% 5.22875% 4.05250% 0.28688% 0.29000% 0.37433% 0.35850% 0.24885% 0.23510% 0.32500% 4.41390% 5.36850% 4.89375% 3.02625% 0.28063% 0.28594% 0.42944% 0.31275% 0.24200% 0.23210% 0.33410% 4.52980% 5.36010% 5.13125% 2.21688% 0.25656% 0.30031% 0.52889% 0.31050% 0.23910% 0.23360% Jul Aug Sep Oct Nov Dec Apple Inc. (AAPL) Watchlist 122.57 +1.39(+1.15%) NASDAQ - As of 4:00PM EST After Hours: 122.42 -0.15 (-0.12%) 6:39PM EST : % February 19, 2016 In The Money List Straddle Lookup Calls Strike Filter Contract Name Last Bid Ask Change "Change Volume Open Interest 70.00 AAPL160219C00070000 45.00 52.45 52.75 0.00 0.00% 9 11 75.00 AAPL160219C00075000 40.25 47.45 47.75 0.00 0.00% 3 3 7 80.00 AAPL160219C00080000 40.15 42.45 42.70 0.00 0.00% 4 90 og 85.00 AAPL160219C00085000 33.55 37.45 37.70 0.00 0.00% 6 6 90.00 AAPL160219C00090000 32.70 32.55 32.85 1.60 5.14% 2 2 129 95.00 AAPL 160219C00095000 28.00 27.80 28.05 1.85 7.07% 7 7 95 100.00 AAPL160219C00100000 23.20 23.15 23.40 1.30 5.94% 155 2376 105.00 AAPL 160219C00105000 19.13 18.75 18.95 1.66 9.50% 49 1570 110.00 AAPL 160219C00110000 14.77 14.60 14.85 1.07 7.81% 316 2641 115.00 AAPL 160219C00115000 11.05 10.95 11.10 0.85 8.33% 647 3137 120.00 AAPL160219C00120000 7.80 7.80 7.95 0.70 9.86% 2732 15108 125.00 AAPL160219C00125000 5.25 5.25 5.35 0.50 10.53% 4111 10825 130.00 AAPL160219C00130000 3.40 3.35 3.45 0.43 14.48% 5037 5482 135.00 AAPL 160219C00135000 2.10 2.05 2.10 0.30 16.67% 858 7275 140.00 AAPL160219C00140000 1.25 1.22 1.27 0.17 15.74% 595 1630 145.00 AAPL160219C00145000 0.86 0.73 0.77 0.21 32.31% 810 391 150.00 AAPL160219C00150000 0.50 0.45 0.50 0.06 13.64% 24 1418 155.00 AAPL160219C00155000 0.35 0.30 0.35 0.11 45.83% 1 1 185 160.00 AAPL 160219C00160000 0.24 0.21 0.25 0.01 4.35% 50 20 165.00 AAPL 160219C00165000 0.18 0.15 0.20 0.02 12 50% 40 80 Puts Strike Fler Contract Name Last Bid Ask Change %Change Volume Open Interest 60.00 0.07 0.04 0.08 0.00 0.00% 54 48 AAPL160219P00060000 AAPL 160219P00065000 65.00 0.07 0.06 0.11 0.00 0.00% 4 22 70.00 AAPL160219P00070000 0.38 0.12 0.15 0.00 0.00% 10 10 75.00 AAPL160219P00075000 0.22 0.16 0.21 0.00 0.00% 20 66 80.00 AAPL 160219P00080000 0.26 0.23 0.28 -0.07 -21.21% 8 403 85.00 AAPL160219P00085000 0.45 0.34 0.39 0.00 0.00% 10 636 90.00 AAPL160219P00090000 0.51 0.50 0.55 -0.06 -10.53% 13 254 m/d/op?s=AAPL&date=1455840000 1/2 AAPL Option Chain | Yahool Inc. Stock - Yahoo! Finance AAPL 160219P00095000 0.74 0.74 0.79 -0.12 95.00 -13.95% 116 873 100.00 AAPL160219P00100000 1.15 1.15 1.17 -0.13 -10.16% 122 1690 105.00 AAPL 160219P00105000 1.79 1.73 1.78 -0.18 -9.14% 111 3366 110.00 2.66 2.64 2.70 -0.34 -11.33% 406 3441 115.00 4.03 4.00 4.10 -0.44 -9.84% 401 3287 AAPL 160219P00110000 AAPL 160219P00115000 AAPL 160219P00120000 AAPL 160219P00125000 120.00 5.90 5.85 6.00 -0.70 - 10.61% 2993 697 125.00 8.35 8.35 8.45 -0.90 -9.73% 385 1738 130.00 AAPL 160219P00130000 11.45 11.45 11.60 -1.40 -10.89% 337 1569 135.00 AAPL 160219P00135000 14.60 15.10 15.35 -1.80 -10.98% 55 853 140.00 AAPL160219P00140000 19.44 19.25 19.50 -1.47 -7.03% 15 100 145.00 AAPL160219P00145000 23.97 23.75 24.05 -1.58 -6.18% 2 12 150.00 AAPL 160219P00150000 31.49 28.50 28.80 0.00 0.00% 9 50 155.00 AAPL 160219P00155000 44.75 33.35 33.60 0.00 0.00% 17 17 160.00 AAPL160219P00160000 37.70 38.25 38.55 -2.45 -6.10% 9 17 3 Month LIBOR 6.00000% 4.80000% 3.60000% Interest Rate 2.40000% 1.20000% 0.00000% 1/2005 1/2006 1/2007 1/2008 1/2009 1/2010 1/2011 1/2012 1/2013 1/2014 1/2015 7/2005 7/2006 7/2007 7/2008 7/2009 7/2010 7/2011 7/2012 7/2013 7/2014 7/2015 2015 MoneyCafe.com 3 Month LIBOR Month 2005 2012 Jan Feb Mar Apr May Jun 2006 2007 2008 2009 2010 2011 2013 2014 2015 2.74390% 4.67950% 5.36010% 4.70250% 1.42500% 0.25063% 0.30281% 0.58100% 0.30600% 0.24610% 0.25560% 2.91010% 4.81920% 5.35980% 3.11188% 1.18438% 0.24906% 0.30438% 0.54235% 0.29800% 0.23660% 0.25310% 3.09950% 4.98980% 5.34790% 3.05750% 1.26438% 0.25169% 0.30950% 0.48425% 0.28710% 0.23565% 0.26185% 3.21070% 5.14790% 5.35550% 2.68813% 1.19188% 0.29150% 0.30300% 0.46815% 0.28260% 0.23060% 0.27075% 3.32920% 5.23350% 5.35950% 2.85000% 1.01625% 0.34656% 0.27300% 0.46585% 0.27310% 0.22335% 0.27875% 3.50450% 5.50850% 5.35930% 2.68063% 0.65625% 0.53625% 0.25288% 0.46685% 0.27525% 0.22740% 0.28375% 3.69480% 5.48890% 5.36000% 2.78313% 0.59500% 0.53394% 0.24575% 0.46060% 0.27310% 0.23070% 0.28320% 3.87200% 5.40140% 5.35866% 2.79125% 0.47938% 0.45375% 0.25550% 0.44260% 0.26560% 0.23910% 0.30860% 4.00550% 5.37250% 5.62125% 2.81063% 0.34750% 0.29563% 0.32722% 0.41825% 0.25950% 0.23360% 0.32900% 4.25230% 5.37290% 5.22875% 4.05250% 0.28688% 0.29000% 0.37433% 0.35850% 0.24885% 0.23510% 0.32500% 4.41390% 5.36850% 4.89375% 3.02625% 0.28063% 0.28594% 0.42944% 0.31275% 0.24200% 0.23210% 0.33410% 4.52980% 5.36010% 5.13125% 2.21688% 0.25656% 0.30031% 0.52889% 0.31050% 0.23910% 0.23360% Jul Aug Sep Oct Nov Dec