Examlex
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Exercised
In finance, most commonly refers to the act of utilizing one's right to buy or sell an underlying financial instrument, such as stocks, as specified in a contract.
Put Option
A financial contract giving the option buyer the right, but not the obligation, to sell a specified amount of an underlying asset at a set price within a specified time frame.
At the Money
A term used in options trading to describe a situation where the market price of the underlying asset is equal to the strike price of the option.
Conversion Value
The value of a convertible security if it were converted into a different security, typically shares of the issuing company's stock.
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