Question: The table below contains information for an XRAY, Inc. call option. XRAY common stock is currently selling for $32.40. Expiration Strike Last Volume Open Interest

The table below contains information for an XRAY, Inc. call option. XRAY common stock is currently selling for $32.40.

Expiration Strike Last Volume Open Interest
Nov 28.00 3.00 2,156 11,579

a. Is the option in the money?

(Click to select) Yes No

b. What is the profit on this position?

Profit $

c. Suppose that on the expiration date the stocks price is $26.00. Will you exercise the call option?

(Click to select) Yes No

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