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In June 2017,an Investor Buys a Put Option on Genentech

Question 36

Multiple Choice

In June 2017,an investor buys a put option on Genentech stock with an exercise price of $75 and expiring in January 2019.If the stock price in July 2017 is $80,then this option is:
I.in-the-money
II.out-of-the-money
III.a LEAPS option


A) I only
B) II only
C) III only
D) II and III only

Correct Answer:

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