Chapter 02 · Section 2.1
Stock Options
Suppose you see the following price quotation for XYZ stock options:
Calls Puts
----------------------- -----------------------
exercise Mar Jun Sep Mar Jun Sep
price
40 4 5 6 1 2 1/2 3
45 3 4 1/2 5 1 1/4 2 1/2 3 1/2
50 2 1/2 3 4 1 1/2 3 4
55 1 2 1/2 3 1/4 4 5 1/2 6 1/4
60 1 2 3 8 1/2 9 1/4 10
How many option series are there in this table?
b) +35
No. Remember: There are three different expiration dates for each option type, two types of options (puts and calls) and five different exercise prices.
c) +15
a) +20
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