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What importance should we attach to the new Ku Klux Klan of the 1920s? What larger social and cultural trends were reflected in the Klan's popularity?
May 40 Put
A put option contract with a strike price of $40, expiring in May, giving the holder the right to sell the underlying asset at this price.
May 40 Call
An options contract that gives the holder the right, but not the obligation, to buy a stock at a price of $40 per share before or on its expiration in May.
ABC Stock
A hypothetical or generic naming for a stock used in examples; not a specific financial term.
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