The Stock of Southwest Airlines (LUV) Is Selling for $11

The stock of Southwest Airlines (LUV) is selling for $11.77 in mid-September. An October put on the stock is selling for $1.45 and gives the owner the right to sell the stock for $13.00 prior to its expiration. In this example, the option premium is:

A) $13.00.
B) $1.23.
C) $1.45.
D) $11.77.