In June 2020, an Investor Buys Call Options on Amgen

question 22

Multiple Choice

In June 2020, an investor buys call options on Amgen stock with an exercise of price of $65 and expiring in January 2022. If the stock price in June 2021 is $60, then these options are
I.in-the-money;
II.out-of-the-money;
III.a LEAPS option

• A)I only
• B)II only
• C)III only
• D)II and III only

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