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You have observed that every time you do 30 minutes of cardio exercise before taking an exam you get an A. You therefore conclude that to get an A on an exam, all you have to do is 30 minutes of cardio exercise before you take an exam. You have committed the
American Call Option
An option contract that gives the holder the right, but not the obligation, to buy a security at a specified price before the option expires.
Expiration Date
The specified date on which an options or futures contract becomes null and void.
ESOs
Employee Stock Options refer to the rights given to employees, included in their remuneration package, enabling them to buy shares of the company stock at a predetermined price.
Guarantee
A formal promise or assurance, typically in writing, that certain conditions will be fulfilled or that a product will meet a specified level of quality.
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