-------- $\text { Call }$ ---------- $\text { Put }$ ----- -Of the Various Combinations Shown Above,how Many Combinations of Put

question 34

Multiple Choice

-------- $\text { Call }$ ---------- $\text { Put }$ -----

$$\begin{array} { l l l l l l l } \hline \text { Option/Strike } & \text { Exp. } & \text { Vol. } & \text { Last } & \text { Vol. } & \text { Last. } \\\text { XYZ } & & & & & \\385 / 8 & 25 & \text { Dec. } & \cdots & \ldots & 100 & 1 / 8 \\385 / 8 & 30 & \text { Nov. } & 250 & 83 / 4 & 464 & 1 / 16 \\385 / 8 & 30 & \text { Dec. } & - & \cdots & 572 & 5 / 16 \\385 / 8 & 35 & \text { Nov. } & 154 & 41 / 2 & 1748 & 5 / 16 \\385 / 8 & 35 & \text { Dec. } & 923 & 51 / 4 & 580 & 13 / 16 \\385 / 8 & 35 & \text { Mar. } & \cdots & \cdots & 33 & 25 / 8 \\385 / 8 & 40 & \text { Nov. } & 2023 & 11 / 8 & 530 & 23 / 8\end{array}$$
-Of the various combinations shown above,how many combinations of put contracts are currently trading "out-of-the-money?"

• A)6
• B)5
• C)4
• D)1

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Definitions:

Solve For X

A common phrase used in mathematics to denote the process of finding the unknown value of x in an equation.

Negative Exponents

A mathematical operation indicating the reciprocal of a number raised to a positive exponent, e.g., x^-n = 1/x^n.

Polynomials

Polynomials are mathematical expressions that consist of variables and coefficients, involving operations of addition, subtraction, multiplication, and non-negative integer exponents.

Linear Equations

Mathematical equations where any variables appear to the power of one and graph as straight lines.