The current market price of a share of MOT stock is $15.If a put option on this stock has a strike price of $20, the put
A)is out of the money.
B)is in the money.
C)can be exercised profitably.
D)is out of the money and can be exercised profitably.
E)is in the money and can be exercised profitably.

Question

Quizplus · Accepted Answer

If the striking price on a put option is more than the market price, the option is in the money.

The Current Market Price of a Share of MOT Stock