If a Microsoft January 20 Put Option with Had a Strike

question 49

Multiple Choice

If a Microsoft January 20 put option with had a strike price of $20 was selling for $5.00 and the market price of the underlying Microsoft stock was $15.00, the price of the put option would be _______________.

• A)in-the-money
• B)out-of-the-money
• C)fairly priced
• D)not enough information to tell

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Definitions:

Common Bile Duct

The duct that conveys bile from the liver and the gallbladder to the duodenum.

Hepatic Portal

Referring to the hepatic portal vein, a blood vessel that carries blood from the gastrointestinal tract and spleen to the liver.

Hepatic Lobules

The functional units of the liver, hexagonal in shape, comprising a central vein surrounded by plates of liver cells (hepatocytes) involved in metabolic, detoxification, and secretory functions.

Digestive Organs

Structures involved in the process of digestion, including the stomach, intestines, liver, and pancreas.