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How did public schools in the North differ from those in the South?
Exercise Price
Exercise price is the specified price at which the holder of an option can buy (call) or sell (put) the underlying security or commodity.
Volatility
A statistical measure of the dispersion of returns for a given security or market index.
Delta
A measure in options trading that indicates how the price of an option is expected to change relative to a one-unit change in the price of the underlying asset.
Put Option
A financial contract that gives the holder the right, but not the obligation, to sell a specified amount of an underlying asset at a predetermined price within a fixed period of time.
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