Given an underlying stock price of $45.80, the October 45 call is in the money.

Name: Given an underlying stock price of $45.80, the October 45 call is in the money.
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Question

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The October 45 call gives the holder the right to buy the underlying stock at a strike price of $45. Therefore, if the current stock price is $45.80, the call is in the money and the holder would likely exercise the option to buy the stock at the lower strike price.

Given an Underlying Stock Price of $45