The table below contains information for an XRAY, Inc. call option. XRAY common stock is currently selling for $41.20. Expiration Strike Last Volume Open Interest Nov 19.00 3.00 2,156 11,579
a. Is the option in the money?
b. What is the profit on this position? Profit $
c. Suppose that on the expiration date the stock’s price is $17.00. Will you exercise the call option?