Question: Regarding options: a. What is a put option? b. What is a call option? c. Explain what is meant by in-the-money for a put option

 Regarding options: a. What is a put option? b. What is

Regarding options: a. What is a put option? b. What is a call option? c. Explain what is meant by in-the-money" for a put option and then for a call option. Would you exercise an option that is "in-the-money? d. Explain what is meant by out-of-the-money" for a put option and then for a call option e. Explain what is meant by "at-the-money for an option

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