Chapter 03 · Section 3.1
In-the-Money
LISTED U.S. OPTIONS The Wall Street Journal
---------------------------------------------------------------
Wednesday June 12, 1995 3:00 p.m. New York Time
Prices of all options. Sales unit usually is 100 shares.
Security description includes exercise price.
---------------------------------------------------------------
CBOE Strike Calls-last Puts-last
Price
Jun Jul Aug Jun Jul Aug
Coke 45 r r r s 1/4
54 1/4 50 r r r r 5/8
54 1/4 55 5/8 2 1/4 15/16 1 11/16 2 1/8
54 1/4 60 7/8 r 6 1/4 6 1/4 r
What is the price of the deepest in-the-money option contract listed?
Please enter the amount of dollars.
a) +625
b) -6.25
c) -5
d) -2.25
e) -0/999999
The option deepest in-the-money is the option which has the greatest intrinsic value.
The call intrinsic value is the price of the underlying less the strike price. The put intrinsic value is the strike price less the price of the underlying.