Tom sold a put option to Kyle. The contract term on the option is as below.

Underlying asset: AAPL

Exercise price $=$ $$120$

Current price of AAPL $=$ $$121$

Expiration date: March $1,2021$

Put premium $=$ $$1\mathrm{.}5$

Which of the following statements are correct?

Group of answer choices

Kyle will break even if the AAPL stock price goes down to $$118\mathrm{.}5$ and exercise the option.

Kyle will break even if the AAPL stock price goes up to $$121\mathrm{.}5$ and exercise the option.

Currently the option is in the money.

Intrinsic value of the option is greater than the put premium currently.