You hold an American option to sell one share of Blossom Co. stock. The option expires tomorrow. The strike price of the option is $40, and the current stock price is $38. What is the value of exercising the option today?

Value of the option is $enter the dollar value of the option .

If you wanted to sell the option instead, about how much would you expect to receive?

You should expect to receive select an option slightly less than the value of the optionslightly more than the value of the option$0equal to the value of option.