tinved ) (P. 2 /2 ( d) If the Google stock price in Table 1. 2 8 1,3 ( 1 rose by $ 25 or (2 ) fell by $25 from its current price ( use bid prices ) immediately, what is the % change in the sept 2015 525 put premium" (ie. "price ) in each of these z cases. ( e) compare / changes in stock price in ( b) to To change In option prices in (c) and ( d ) and draw a conclusion In Table 1.3 for the June 2015 575 put option, use bid prices to identify an arbitrage opportunity you could carry out to make an instant profit. [Note :- it is doubtful that this opportunity really would exist due to commissions, non - simultaneous reported prices, etc al!] . Table 1.2 Prices of call options on Google, May 13, 2015; stock price: bid $532.20; offer $532.34 Strike price June 2015 Sept. 2015 Dec. 2015 ($) Bid Offer Bid Offer Bid Offer 475 57.90 61.80 66.00 68.90 73.50 76.50 500 34.80 37.10 45.90 47.90 54.90 56.60 525 16.70 17.30 30.40 31.30 40.20 41.10 $50 5,60 6.20 18.60 19.40 28.10 29.00 575 1.55 1.80 10.50 11.30 18.80 20.20 Table 1.3 Prices of put options on Google, May 13, 2015; stock price: $532.20; offer $532.34 Strike price June 2015 Sept. 2015 Dec. 2015 (8) Bid Offer Bid Offer Bid Offer 475 0.95 1.05 5.50 9.20 12.50 15.20 500 2.95 3.30 13.00 13.80 21.30 22.10 525 9.40 9.90 22.40 23.20 31.30 32.00 $50 22.90 24.40 35.20 36.40 44.10 45.00