Which of the following statements are correct concerning option values, all else held constant? I. The value of an in-the-money call increases as the price of the underlying stock increases. II. The value of a call decreases as the exercise price increases. III. The value of an in-the-money put increases as the price of the underlying stock increases. IV. The value of a put decreases as the exercise price increases.

I and III only

I and II only

II and III only

II and IV only

I, II, and IV only