A farmer has entered into a commodiry options contract to sell wheat at a strike price of $$15$ per buahel.

If the tarmer paid $$0\mathrm{.}80$ premiarm, at what price would the larmer exercise their option to sel?

When the price is below $$15$

When the prite is telaw $$14\mathrm{.}20$

When the price is above $$15$

When the price is below $$15\mathrm{.}80$