24-5 Option value o The value of an option at expiration is a function of the stock price and the exercise price Example -Option values given a exercise price of $30 Stock Price $20 25 30 35 40 45 Call value 00051525 Put value 1050000 Irwin/McGraw-Hill CThe McGraw-Hill Commpanies, Inc, 2001©The McGraw-Hill Companies, Inc.,2001 24- 5 Irwin/McGraw-Hill Option Value The value of an option at expiration is a function of the stock price and the exercise price. Example - Option values given a exercise price of $30 Put Value 10 5 0 0 0 0 Call Value 0 0 0 5 15 25 Stock Price $20 25 30 35 40 45