Question: The below information is for a call option on XRAY, Inc. XRAY common shares are currently selling for $41.20. Maturity Year Last Volume Open Interest

The below information is for a call option on XRAY, Inc. 

XRAY common shares are currently selling for $41.20. Maturity Year Last Volume Open Interest Nov 19.00 3.00 2,156 11,579 

Required:

a. Is the option in the money? 

b. What is the profit in this position? Profit $

 c. Assume that on the expiration date the share price is $17.00. Will you exercise the purchase option?

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