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Today’s share price of Apple is $120

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Today’s share price of Apple is $120. You think Apple’s stock will fall over the next 3 months.

Today you observe the following option prices (all expiring in 3 months):

Option 1: Put Option Premium = $4; with a Strike Price = $110

Option 2: Put Option Premium = $2; with a Strike Price = $100

17. Which of these options is in-the-money today? A) Both
B) Neither
C) Only Option 1

D) Only Option 2