You bought a put with a strike price of $45. The current stock price is $42.50. What's the current payoff value of this option?

A. $2.00

B. $.50

C. $2.50

D. $0.00

. Given a set of variables, the Black-Scholes option pricing formula has a put option delta of -.154. What is the call delta given these same variables?

A. .846

B. 1.154

C. -.846

D. -1.154

Which of the following describes marking to market?

A. Adjusting margin levels on outstanding stock positions

B. Taking any available profits on open positions

C. Trading stocks on a daily basis

D. Recognizing gains and losses on outstanding futures positions daily