You Hold a Put Option on a Stock with a Strike

question 37

Multiple Choice

You hold a put option on a stock with a strike price of $23. The stock is selling for $25. What is the approximate minimum value of the put option?

• A) $23
• B) $25
• C) $2
• D) $0

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Definitions:

Stratum Corneum

The most superficial sublayer of the human epidermis. Compare with stratum basale.

Vertebrate Skeleton

The internal structure composed of bones and cartilage that provides support, protection, and mobility to organisms in the vertebrate group.

Joint Capsules

Structures that enclose the ends of bones, creating a lubricated space for joint movement and stability.

Smooth Muscle

Involuntary muscle tissue that lacks transverse striations; found mainly in sheets surrounding hollow organs, such as the intestine. Compare with cardiac muscle and skeletal muscle.