1. Which of the following statements about "moneyness" of call and put options is TRUE

   		Call options are in-the-money when the strike price is greater than the price of the underlying stock
   		Put options are at-the-money when the strike price is equal to zero
   		Put options are out-of-the-money when the strike price is greater than the price of the underlying stock
   		Option writers (also called sellers) must make payments to option buyers whenever the buyer exercises in-the-money call or put options
   		Call options are out-of-the-money when the strike price is less than the price of the underlying stock