A Put Option on a Stock Is Said to Be

Multiple Choice

A put option on a stock is said to be out of the money if

A) the exercise price is higher than the stock price.
B) the exercise price is less than the stock price.
C) the exercise price is equal to the stock price.
D) the price of the put is higher than the price of the call.
E) the price of the call is higher than the price of the put.