Question: ABC, which closed at $151, has call options trading in April, July, and October with the following values. Assume ABC rises to $156, what is

ABC, which closed at $151, has call options trading in April, July, and October with the following values. Assume ABC rises to $156, what is the minimum price for April 150 call?

------------Calls-------------

Strike April July October

140 11.25 11.75 13.00

150 1.50 3.00 4.00

160 0.75 1.50 2.00

a. $5.00

b. $6.00

c. $7.00

d. $8.00

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