You Own a July $15 Call on ABC Stock

question 102

Multiple Choice

You own a July $15 call on ABC stock.Assume today is April 20 and the call has zero intrinsic value.Which one of the following best describes this option?

• A)worthless
• B)unfunded
• C)expired
• D)in-the-money
• E)out-of-the-money

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Definitions:

Inhibitory Area

A region in the nervous system that decreases the likelihood of a neuron firing, reducing activity in neural circuits.

Hypercomplex Cortical Cells

Neurons in the visual cortex that respond to specific characteristics of visual stimuli, such as the length or angle of an object.

Lateral Geniculate Cells

Neurons located in the lateral geniculate nucleus of the thalamus, playing a crucial role in visual processing by relaying information from the retina to the visual cortex.

Simple Cortical Cells

Neurons in the visual cortex that respond preferentially to stimuli of a specific orientation in a small localized area.