The current market price of a share of a stock is $80.If a put option on this stock has a strike price of $75,the put

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A put option is out of the money when the market price of the stock is above the strike price. Since the market price ($80) is above the strike price ($75), the put is out of the money. Additionally, the put option would sell for a lower price than if the market price were $75, as it would be at the money in that case.

The Current Market Price of a Share of a Stock