Chapter 02 · Section 2.1
Class
Which of the following options are of the same class
a) IBM put July 145 and MMM put July 100.
b) IBM call July 145 and MMM put July 100.
c) IBM call July 145 and IBM put July 145.
d) None of the above.
All calls based on the same underlying are referred to as one class. All puts based on the same underlying are another class.