7) Transocean (RIG) trades at $6.61/share. You own the 2 call contracts below. The first call...
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7) Transocean (RIG) trades at $6.61/share. You own the 2 call contracts below. The first call option has a strike of $3 and expires in December 2025. The second call option has a strike of $7 and expires in January 2026. Positions Details * Settings Symbol RIG RIG 12/19/2025 3.00 C RIG 01/16/2026 7.00 C Name TRANSOCEAN INC NEW F a) What is the intrinsic value of the $3 call? 6.61 share price 3.00 | 3.61) intrinsic b) What is the time value of the $7 call? Price $6.61 v $3.59 Ev $1.865 7) Transocean (RIG) trades at $6.61/share. You own the 2 call contracts below. The first call option has a strike of $3 and expires in December 2025. The second call option has a strike of $7 and expires in January 2026. Positions Details * Settings Symbol RIG RIG 12/19/2025 3.00 C RIG 01/16/2026 7.00 C Name TRANSOCEAN INC NEW F a) What is the intrinsic value of the $3 call? 6.61 share price 3.00 | 3.61) intrinsic b) What is the time value of the $7 call? Price $6.61 v $3.59 Ev $1.865
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