Attempts: Average: 3 1. Option basics The Chicago Board Options Exchange (CBOE) is one of the world's largest options exchanges. CBOE and other options exchanges trade contracts that give buyers and sellers the right to trade investment assets at a specific price within a specific time period. A is option gives the option holder the right to sell an asset at a fixed price during a particular period. The fixed price that the asset may be sold at h e exercise price put calling table shows the options quotation in U.S. dollars for Purple Pigeon Bird Seed Company for June 30 of this year. Option Puts-Last Quote September 14.40 Closing Price $41.50 $41.50 $41.50 Strike Price $45.50 537.50 $47.50 Calls-Last Quote September $4.00 $6.00 $3.20 $2.40 $5.20 If you could b option would be e the option isted only on the expiration date the third Friday of September, then the options, SUS The following table shows the options quotation in U.S. dollars for Purple Pigeon Bird Seed Company for June 30 of this year. Option Closing Price $41.50 $41.50 $41.50 Strike Price $45.50 $37.50 $47.50 Calls-Last Quote September $4.00 $6.00 $3.20 Puts-Last Quote September $4.40 $2.40 $5.20 If you could exercise the options listed only on the expiration date (the third Friday of September), then these options would be options. Assume that the options listed in the table are American options. Which of the put options Lor Purple Pigeon Bird Seed Company listed in the table in-the-money on June 307 Option 1 and option 3 Only option 2 All of the options None of the options O l e Mindtasco. W Case Study Su.. ne, SUS