1. find a relatively heavily traded stock (high volume) that has options available. you can find these on l finance 2. find a call and a put that expires around the end of december (dec. 31 should be available) and that have exercise prices close to the current stock price. higher or lower doesn't matter, just close. 3. calculate the value of the call and put using the black-scholes method (using excel) and assuming the annual volatility is 20%. 4.