Consider the following information on options from the CBOE for Merck: MRK Oct 06, 2006 @ 14:40 ET (Data 20 Minutes Delayed) Calls Last Sale Net Bid Ask Vol Open Int Bid N/A 09 Jan 25.00 (VMK AE-E) 09 Jan 30.00 (VMK AF-E) 09 Jan 35.00 (VMK AG-E) 09 Jan 40.00 (VMK AH-E) 09 Jan 45.00 (VMK AI-E). 09 Jan 50.00 (VMK AJ-E) How many of the January 2009 call options are in-the-money? Ask N/A Puts Size N/A N/A Last Sale 41.95 +0.53 Vol 6650300 Net Bid Ask Vol Open Int 17.10 -0.30 17.30 17.50 21 214 09 Jan 25.00 (VMK ME-E) 0.80 pc 0.60 0.80 0 319 13.40 pc 13.20 13.400 417 09 Jan 30.00 (VMK MF-E) 1.40 +0.20 1.15 1.40 25 63 9.20 pc 9.60 10.000 591 09 Jan 35.00 (VMK MG-E) 2.35 pc 2.15 2.35 0 1173 6.50 +0.30 6.50 6.80 2 8422 09 Jan 40.00 (VMK MH-E) 3.80 4.20 pc 4.20 4.50 06123 09 Jan 45.00 (VMK MI-E) 6.40 2.80 po 2.35 2.75 04509 09 Jan 50.00 (VMK MJ-E) 9.30 pc 3.70 3.90 07174 pc 5.90 6.20 0 5513 pc 9.00 9.60 0982

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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Consider the following information on options from the CBOE for Merck:
MRK
Oct 06, 2006 @ 14:40 ET (Data 20 Minutes Delayed)
Calls
O O
O O
O
A.
1
B. 0
09 Jan 25.00 (VMK AE-E) 17.10 -0.30 17.30 17.50 21 214 09 Jan 25.00 (VMK ME-E) 0.80 pc 0.60 0.80 0 319
09 Jan 30.00 (VMK AF-E) 13.40 pc 13.20 13.40 0417 09 Jan 30.00 (VMK MF-E) 1.40 +0.20 1.15 1.40 25 63
09 Jan 35.00 (VMK AG-E) 9.20 pc 9.60 10.000 591 09 Jan 35.00 (VMK MG-E) 2.35 pc 2.15 2.35 01173
09 Jan 40.00 (VMK AH-E) 6.50 +0.30 6.50 6.80 2 8422 09 Jan 40.00 (VMK MH-E) 3.80 pc 3.70 3.90 07174
09 Jan 45.00 (VMK AI-E) 4.20 pc 4.20 4.50 06123 09 Jan 45.00 (VMK MI-E) 6.40
09 Jan 50.00 (VMK AJ-E) 2.80 pc 2.35 2.75 04509 09 Jan 50.00 (VMK MJ-E) 9.30
pc 5.90 6.20 0 5513
pc 9.00 9.600 982
How many of the January 2009 call options are in-the-money?
C. 2
D. 4
Last
Sale
E. 3
Net Bid Ask Vol
Open
Int
Bid N/A Ask N/A
Puts
41.95 +0.53
Vol 6650300
Size N/A N/A
Last
Sale Net Bid Ask Vol Open
Int
Transcribed Image Text:Consider the following information on options from the CBOE for Merck: MRK Oct 06, 2006 @ 14:40 ET (Data 20 Minutes Delayed) Calls O O O O O A. 1 B. 0 09 Jan 25.00 (VMK AE-E) 17.10 -0.30 17.30 17.50 21 214 09 Jan 25.00 (VMK ME-E) 0.80 pc 0.60 0.80 0 319 09 Jan 30.00 (VMK AF-E) 13.40 pc 13.20 13.40 0417 09 Jan 30.00 (VMK MF-E) 1.40 +0.20 1.15 1.40 25 63 09 Jan 35.00 (VMK AG-E) 9.20 pc 9.60 10.000 591 09 Jan 35.00 (VMK MG-E) 2.35 pc 2.15 2.35 01173 09 Jan 40.00 (VMK AH-E) 6.50 +0.30 6.50 6.80 2 8422 09 Jan 40.00 (VMK MH-E) 3.80 pc 3.70 3.90 07174 09 Jan 45.00 (VMK AI-E) 4.20 pc 4.20 4.50 06123 09 Jan 45.00 (VMK MI-E) 6.40 09 Jan 50.00 (VMK AJ-E) 2.80 pc 2.35 2.75 04509 09 Jan 50.00 (VMK MJ-E) 9.30 pc 5.90 6.20 0 5513 pc 9.00 9.600 982 How many of the January 2009 call options are in-the-money? C. 2 D. 4 Last Sale E. 3 Net Bid Ask Vol Open Int Bid N/A Ask N/A Puts 41.95 +0.53 Vol 6650300 Size N/A N/A Last Sale Net Bid Ask Vol Open Int
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