Challenge Which of the following have negative deltas? (Make sure to choose ALL that are correct.)

Postconventional moral reasoning is based on abstract reasoning. It therefore depends on attaining Piaget’s                    stage of cognitive development.

Given the following information, what is the net payoff of a synthetic long forward at expiration? Strike price of call and put: $120 Stock price at expiration: $125 Premium paid for call: $6 Premium received for put: $5 Recall, a synthetic long forward is a long position in a call and a short position in an otherwise identical put.

Investors are convinced that, next year, the price of a stock will either go up or down; they disagree on the volatility of the price. The current spot price is $69.00 and volatility will either be high or low. If volatility is high, the price will either increase or decrease by $18.75. If volatility is low, the price will either increase or decrease by $5.00. If the increase or decrease in the price can occur with equal probability, how much more is an at-the-money put expected to (gross) payoff when volatility is high rather than low?

The spot price of Google stock is currently $2,855. Which of the following options are in-the-money? $2,000-strike put $3,500-strike call $2,000-strike call $2,500-strike put $3,000-strike call

A trader buys a call option with a strike price of $50. The premium paid for the option is $5. If the stock price at expiration is $45, what is the net payoff?

A trader sells a put option with a strike price of $40. The premium received for the option is $3. If the stock price at expiration is $30, what is the net payoff?

Investors are convinced that, next year, the price of oil will either go up or down; they disagree on the volatility of the price. The current spot price of oil is $67.00 and volatility will either be high or low. If volatility is high, the price will either increase or decrease by $16.25. If volatility is low, the price will either increase or decrease by $6.50. If the increase or decrease in the price of oil can occur with equal probability, how much more is an at-the-money put expected to (gross) payoff when volatility is high rather than low?

Given the following information, what is the net payoff of a synthetic long forward at expiration? Strike price of call and put: $60 Stock price at expiration: $55 Premium paid for call: $2 Premium received for put: $1 Recall, a synthetic long forward is a long position in a call and a short position in an otherwise identical put.

Challenge Which of the following have negative deltas? (Make sure to choose ALL that are correct.)