Question: On January 3 1 st , a put option on Bio Chemicals is available that comes due in March at a price of $ 4

On January 31st, a put option on Bio Chemicals is available that comes due in March at a price of $40. The current quote on the option is $3.60 bid and $3.85 ask and the last trade was at $3.65. The market price of the shares on January 315 was $44.50. There are currently 60 options outstanding. What is the strike price of the put option? a) $3.65 b) $4.50 c) $40.00 d) $44.50

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