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Why did the price of the March 2023, X = 55 call option go up in price from 9/15/2022 to 11/15/2022, while the March 2023,
Why did the price of the March 2023, X = 55 call option go up in price from 9/15/2022 to 11/15/2022, while the March 2023, X = 55 put option went down in price? Explain.
\begin{tabular}{cccrcrcr} XYZ & & & \multicolumn{2}{c}{ Call - } & \multicolumn{2}{c}{ - Put - } & \multicolumn{2}{c}{ Date of } \\ Price & Strike & Expiration & Volume & Price & Volume & Price & Quotation \\ \hline 52.65 & 55.00 & Dec 2022 & 9923 & 2.28 & 2632 & 4.35 & 9/15/2022 \\ 52.65 & 55.00 & Mar 2023 & 307 & 3.68 & 108 & 5.48 & 9/15/2022 \\ 52.65 & 60.00 & Dec 2022 & 4578 & 0.94 & 1875 & 7.99 & 9/15/2022 \\ 52.65 & 60.00 & Mar 2023 & 212 & 2.10 & 76 & 8.85 & 9/15/2022 \\ & & & & & & & \\ 56.90 & 55.00 & Dec 2022 & 1282 & 3.09 & 1279 & 1.10 & 11/15/2022 \\ 56.90 & 55.00 & Mar 2023 & 3645 & 5.09 & 2856 & 2.82 & 11/15/2022 \\ 56.90 & 60.00 & Dec 2022 & 468 & 0.86 & 156 & 3.86 & 11/15/2022 \\ 56.90 & 60.00 & Mar 2023 & 2986 & 2.81 & 1874 & 5.51 & 11/15/2022 \end{tabular} \begin{tabular}{cccrcrcr} XYZ & & & \multicolumn{2}{c}{ Call - } & \multicolumn{2}{c}{ - Put - } & \multicolumn{2}{c}{ Date of } \\ Price & Strike & Expiration & Volume & Price & Volume & Price & Quotation \\ \hline 52.65 & 55.00 & Dec 2022 & 9923 & 2.28 & 2632 & 4.35 & 9/15/2022 \\ 52.65 & 55.00 & Mar 2023 & 307 & 3.68 & 108 & 5.48 & 9/15/2022 \\ 52.65 & 60.00 & Dec 2022 & 4578 & 0.94 & 1875 & 7.99 & 9/15/2022 \\ 52.65 & 60.00 & Mar 2023 & 212 & 2.10 & 76 & 8.85 & 9/15/2022 \\ & & & & & & & \\ 56.90 & 55.00 & Dec 2022 & 1282 & 3.09 & 1279 & 1.10 & 11/15/2022 \\ 56.90 & 55.00 & Mar 2023 & 3645 & 5.09 & 2856 & 2.82 & 11/15/2022 \\ 56.90 & 60.00 & Dec 2022 & 468 & 0.86 & 156 & 3.86 & 11/15/2022 \\ 56.90 & 60.00 & Mar 2023 & 2986 & 2.81 & 1874 & 5.51 & 11/15/2022 \end{tabular}Step by Step Solution
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