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You are following an option on IBM that expires at the end of June. At the beginning of June IBM traded at $50 and C50JUN

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You are following an option on IBM that expires at the end of June. At the beginning of June IBM traded at $50 and C50JUN (a call option with an exercise price of 50 that expires at the end of June) was worth $2.25, while P50JUN was worth $1.98. Two weeks later the price of IBM decreased to $49.00. Which of the below must be correct about the value of C50JUN & P50JUN if options are correctly priced (think carefully). O a) P50JUN>1.98 Ob) C50JUN>2.25 c) P50JUN

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