Jay is holding some Tesla shares (NASDAQ: TSLA) and The TSLA stocks are currently trading at $985 on the Nasdaq. Given TSLA stocks are very volatile, Jaleel wishes to protect the value of his investments. He seeks your advice on using  contracts and presents a list for you to choose from. Assume the number of underlying shares per contract is 100 shares.Please specify the moneyness.

 Are they in the money, at the money, or out of the money? 

Answer rating: 100% (QA)

To determine whether the contracts are in the money at the money or out of the money we need to comp... View the full answer