Answer:
a. the put is in the money
Explanation:
Given that
The Selling price of stock x = $40
Strike price = $48
And, the trading per share = $10
Based on the above information
As we know that the put option is the option in which there is a right to sell the particular asset at a particular price on some future date
As we can see that the market price is lower than the strike price so this is the put within the money
Hence, the correct option is a.
