Problem 3-16 Using Options Quotations (LO4, CFA4) Use the following quotes for JCPenney stock options: November 27, 2015 In The Money List Straddle Lookup Option Calls Strike Open Contract Name Last Bid Ask Change Fiter 8.00 9.00 9.50 10.00 10.50 11.00 1.62 0.98 0.74 0.40 0.28 0.16 1.79 1.00 0.69 0.44 0.26 0.15 1.89 1.10 0.78 0.48 0.29 0.18 0.00 0.00 0.00 0.00 0.03 0.01 000% 0.00% 0.00% 0.00% 12 0096 -5.88% 20 JCP151127C00008000 JCP151127C00009000 JCP151127C00009500 JCP151127C00010000 JCP151127C00010500 JCP151127C00011000 56.45% 51.95% 50.00% 45.12% 43.75% 44.34% 12 13 24 19 51 50 105 47 41