As of June 2018, the following data was available regarding certain Canadian options:

Bombardier	purchase	4,55$	5$	0,40$	October 2018
Nortel	purchase	4,15$	1$	3,20$	January 2019
Nortel	sale	4,15$	7$	2,95$	January 2019
Alcan	purchase	43$	45$	2,95$	January 2019

Calculate the intrinsic value and the time value of each of the options described above by completing the following table: (2 points)

Bombardier OC 18/5$	purchase	Rponse	Rponse
Nortel OC 19/1$	purchase	Rponse	Rponse
Nortel OC 19/7$	sale	Rponse	Rponse
Alcan AND 19/$45	purchase	Rponse	Rponse

Among the options described above, check those that were in play (inside or in the money ): (1point)

Please choose at least one answer:

a.

Bombardier OC 18/5$

b.

Nortel OC 19/1$

c.

Nortel OC 19/7$

d.

Alcan AND 19/$45

Among the options described, check those that were out of the money (1 point)

Please choose at least one answer:

a.

Bombardier OC 18/5$

b.

Nortel OC 19/1$

c.

Nortel OC 19/7$

d.

Alcan AND 19/$45

Give an approximation of the delta coefficient of the call option relating to Nortel by justifying your answer in the box: (1 point)

You purchase ten October/$5 call option contracts on Bombardier. Each options contract covers 100 shares. If the options expire, the stock price rises to $7.

What will be your gain or loss in dollars? (1 point)

Please choose an answer:

a.

Gain de 1600$

b.

Gain de 2300$

c.

Gain de 120$

d.

Gain de 241$

You purchase ten October/$5 call option contracts on Bombardier. Each options contract covers 100 shares. If the options expire, the stock price rises to $7.

Give this gain (or loss) as a percentage of the cost of the options. (0.5 point)

Please choose an answer:

a.

200%

b.

400%

c.

230%

d.

310%