A $20 Put Option on Wildwood Stock Expires Today

question 38

Multiple Choice

A $20 put option on Wildwood stock expires today.The current price of the stock is $18.50.Which one of the following best describes this option?

• A)funded
• B)unfunded
• C)at-the-money
• D)in-the-money
• E)out-of-the-money

---

Definitions:

Leadership

The ability to guide, direct, or influence people toward achieving a common goal.

Ethical Use

The responsible utilization of resources or power in a manner that considers moral principles.

Power

The capacity or ability of an individual or group to influence the behavior of others or the course of events.

Leadership

The process of influencing and guiding individuals or groups towards achieving common goals.