If the Holder of an Option Fails to Exercise the Option

question 11

True/False

If the holder of an option fails to exercise the option, the lapse of the option is considered a sale or exchange on the option expiration date.

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Definitions:

Assisted-Living

A residential option for older adults or others who need help with daily activities but do not require the intensive medical and nursing care provided in a nursing home.

Fecal Occult Blood Test

A screening test that checks for hidden blood in the stool, which can be an early sign of colon cancer.

Guaiac Paper

A special paper used in medical testing to detect the presence of blood in stools.

Sterile Disposable Gloves

Medical gloves that are designed to be used once and thrown away, made of materials like latex, nitrile, or vinyl, and are free from living organisms.