6. Based only on the information provided in the option chain, and a closing price of $242, what is the implied move, i.e., +/- range in dollars, of TSLA stock over the upcoming year, based on the Dec 1, $245 puts?
7. Based on a normal distribution, what is the probability that TSLA stock remains within +/- one standard deviation of its current price during the next year?
8. Assume you own TSLA stock at a price of $242, what is the max loss of a protected put strategy using the Dec 1 call struck at $235?
9. How much did you receive if you sold the most actively traded option in the Dec 1 series on November 15, 2023?
10. Assume you did not own TSLA stock and you sold the Dec 8 $250 call. What is your max profit?
11. Assume you own TSLA stock at a price of $230 and you sold the Dec 8 $250 call. What is your max loss?
12. Three-month call options, struck at $15.50, on AT&T (T) are trading at $1.42. Assuming the stock is trading at $14 and interest rates are 5%, what is the price of the put with the same strike and expiry? Hint: Use put-call parity.
13. Six-month put options, struck at $16.00, on AT&T (T) are trading at $2.35. Assuming the stock is trading at $14 and interest rates are 5%, what is the price of the call with the same strike and expiry? Hint: Use put-call parity.
14. Assume the VIX is trading at 14 and the S&P 500 is at 4,500. What is the implied move on the S&P 500 (+/-) index points, over the next 31 days? Round your answer to the nearest full point.
Total Records: 30
Options Chain
Fri Dec 01 2023
Puts
Calls
Last 5.47 6.45 7.49
Bid
Ask
Delta Gamma Int Vol 0.33820.0158 2640 5.55 1.900 0.46 1,679 0.46 0.3791 0.0165 35 6.5 0.45 0.42140.0171 500 7.25 7.55 2,715 0.45 0.5084 10.0176 667 10 .502 .45 0.59390.0172 1595 2.65 12.95 621 16.45 70 .45
Strike
Vet
/ol
810
3408
TSLA 235.000 TSLA 237.500 TSLA 240.000 TSLA 245.000 TSLA 250.000 TSLA 255.000
489
5864
.485
6.045 8.907
2391
9.95 12.95
75
0169 16889
16.39
042
320.0158
6888
Fri Dec 08 2023
Puts
Calls
Strike
Net
pid
Ask Vol 1.67 5.45 653 0.46 2.05 7.15 615 2.48 9.05 9.25 1.126 2.895 11.25 11.85 582 3.695 14.1 14.55 586
Gamma Int
Delta Gamma
Ask
Vol
0.012
806
TSLA 230.000 TSLA 235.000 TSLA 240.000 TSLA 245.000 TSLA 250.000 TSLA 255.000
5.43
717
1384
7.15
150
865
5353
9.17
11.63
.574
3.436
7.29
376
Questions 1 to 11 are based on the option chain data for TSLA. The data is as of the close of business on November 15, 2023, and the stock closed at a price of $242. Use the Answer Sheet provided to submit your answers. Enter all dollar and percentage answers to two decimals.