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What would be the expected premium of the call option if the underlying stock price for SPY increased to $490 per share (Hint: adjust the

image text in transcribedWhat would be the expected premium of the call option if the underlying stock price for SPY increased to $490 per share (Hint: adjust the input S in your B-S model)?

Use the following call option quote for the SPDR S&P 500 ETF Trust (SPY) security to answer the questions in this assignment. Last Trade Strike Last Expiration Date Contract Name Bid Ask Price Date 2021- 2022-02 11-03 SPY220218C00485000 485.00 4.64 4.67 4.72 18 1:14PM EDT Assume the following: The current price for SPY is $464.72. The implied volatility for this option is 11.23% per annum, and The risk-free rate is 1% per annum

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