What value does a put option’s delta approach as it moves deeper in-the-money?

You own 100 shares of LUV stock. You wrote one call on LUV with a strike of $70.90 when calls were trading at $9.50 and the stock was trading at $70.90. Now, LUV is trading at $63.00. The option will expire today. Identify this strategy. Why would an investor do this? What is the net profit/loss of this strategy? At what stock price does the strategy breakeven?

Given that Oct ‘25 gold futures are currently trading at $2205.9 Spot gold is currently trading at $2234.5 Oct ’25 gold expires in 250 days What interest rate does this imply if spot-future parity holds? (hint: assume 260 trading days in the year)

Use spot-future parity and the table below to find the theoretical dollar gain/loss on the futures trade. The risk free rate is 3.20%. (hint: ($4.01 – $4.00) * 5000 bushels per contract = $50). TIME Quantity Bought/Sold SPOT FUTURES Six months from expiration -3 September 389 ? Three months from expiration +3 September 381 ?

Futures and spot prices must do what as the futures contract approaches expiration?

Call premium ____________  as interest rates rise.

Time limit: 125 minutes INSTRUCTIONS Hold your camera up and point it away from you at eye level. I must be able to see what is directly in front of you: monitor, keyboard, mouse, calculator, and workspace. YOU MAY NOT USE EXCEL during the exam. Use your calculator and type your work into Canvas. You should not be looking anywhere but at Canvas and at your calculator. YOU MAY NOT USE scratch paper during the exam. I should not see you writing anything. Type your work into Canvas. Show as much work in Canvas as possible so that I can award partial credit for incorrect answers. Use a financial calculator to perform calculations. No graphical calculators. Hold your calculator up to the camera. Clear your desktop/workspace of everything but your keyboard, mouse, and calculator. No tabs open other than Canvas. No books. No notes. No phone. No scratch paper. No outside help. Have your webcam on and pointed at your face at all times during the exam. If the exam session terminates before the time limit, contact me by email IMMEDIATELY. If you don’t contact me in a reasonable amount of time, I will grade what was in Canvas when the exam terminated. Thank you! Exam Total (100 points) 10 short answer questions (30 points) 13 problems (70 points) Click “True” to indicate that you have read and understand the instructions, and that you pledge on your honor to be honest and follow the instructions.

Metasomatism involves the modification of preexisting rocks with the addition of external ions brought in by water.  Metamorphism foes not incorporate external ions.  True of false?

If an ambulance operator is operating an emergency vehicle that is at its maximum weight load, the driver should know that the braking distance will be

If an emergency involves a violent situation, what should you do?