Question 1:
Assume Apple's Common stock trades at 180.95.
ON ALL QUESTIONS USE THE LAST SALE (THE COLUMN NAMED LAST) I.E., For Apple 170 call the last sale is 21.84.
A. Is 170 call in the money, out of the money, or at the money?
B. What is the intrinsic value?
C. What is the time value?
AAPL Dec 15, 2023
195 Days to Expiration
Calls 170.0 Call 175.0 Call
Bid Ask Last Change Vol Op Int Strike
21.95 22.50 21.84 7.00 7.45 7.20 8.45 9.00 8.75
-0.62 217 2,915
18.60 19.00 18.75 -0.70 252 5,363
180.0 Call
15.45 15.90 15.70 0.17 220 6,563 180.00 180.0 Put 0.08 144 3,703 185.00 185.0 Put 0.08 304 9,895 190.00 190.0 Put
10.20 10.80 10.50 -0.80 900 1,799
185.0 Call 190.0 Call
12.50 12.95 12.75 12.20 12.95 12.58 -0.87 562 1,376
9.95 10.35 10.20 14.70 15.55 15.25 -0.70 18 807
195.0 Call
7.75 8.10 7.60 0.35 933 5,685 195.00 195.0 Put 17.65 18.30 17.80 -1.09 10 149
Apple Inc. Common Stock Symbol Bid Ask Last AAPL 181.10 181.11 180.95
Question 1 (Total points = 25)
Assume Apple's Common stock trades at 180.95.
ON ALL QUESTIONS USE THE LAST SALE (THE COLUMN NAMED LAST) I.E., For Apple 170 call the last sale is 21.84.
A. Is 170 call in the money, out of the money, or at the money?
B. What is the intrinsic value?
C. What is the time value?