The Dow-Jones Industrial Average is at 26,000. A call option on the Index with a strike price of 259 would be in the money.

Question

Quizplus · Accepted Answer

The Dow-Jones Industrial Average is measured in points, not dollars, and its value is typically in the tens of thousands (e.g., 26,000 points). A call option with a strike price of 259 would not be relevant to the index's value in the tens of thousands, indicating a misunderstanding in the question's premise.

The Dow-Jones Industrial Average Is at 26,000