Examlex
Alan feels like he is starving; he caves and eats a chocolate bar. Which theory would account for the way in which he fulfilled his need and why?
In The Money
Describes an option contract that has intrinsic value, where a call option's strike price is below the current market price of the underlying asset, or a put option's strike price is above the current market price of the underlying asset.
American Put Option
A type of options contract that grants the holder the right, but not the obligation, to sell a specified quantity of an underlying asset at a predetermined price before or at the contract's expiration.
Call Option
A financial contract giving the buyer the right, but not the obligation, to purchase a stock, bond, commodity, or other asset at a specified price within a specific time period.
Expiration
The end of the life of a financial instrument or contract, after which it ceases to be valid.
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