In June 2020, an Investor Buys a Put Option on Genentech

question 20

Multiple Choice

In June 2020, an investor buys a put option on Genentech stock with an exercise price of $75 and expiring in January 2022. If the stock price in July 2020 is $80, then this option is
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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