9.5 A Call option a3-month call option on the stock has a strike price of $21 Figure 9.1(P202) Stock Price $22 Option price= $1 Stock price= $20 Option Price=? Stock Price =$18 Option price $0 Options, Futures, and Other Derivatives, 4th edition@ 2000 by John C. Hull Tang Yincai, Shanghai Normal UniversityOptions, Futures, and Other Derivatives, 4th edition © 2000 by John C. Hull Tang Yincai, Shanghai Normal University 9.5 Stock Price = $22 Option Price = $1 Stock Price = $18 Option Price = $0 Stock price = $20 Option Price=? A Call Option • A 3-month call option on the stock has a strike price of $21. • Figure 9.1 (P.202)