Given that the underlying stock price is $25, then the February 20 put is in the money.

Name: Given that the underlying stock price is $25, then the February 20 put is in the money.
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Question

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A put option is in the money when its strike price is higher than the current stock price. In this case, the February 20 put has a strike price of $20, which is lower than the current stock price of $25, making it in the money.

Given That the Underlying Stock Price Is $25, Then the February