A put option has a strike price of $32. The current price of the share is $34. The put option is said to be "in- the- money."

Question

Quizplus · Accepted Answer

A put option is "in-the-money" when the strike price is above the current share price, allowing the holder to sell the stock at a higher price than the market value. In this case, the strike price is $32, which is below the current share price of $34, making the option "out-of-the-money."

A Put Option Has a Strike Price of $32