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Expiration
The end of an agreement or period, after which it is no longer valid or in effect.
S&P 100 Index
An American stock market index consisting of 100 large, widely held companies across multiple industries in the United States.
Exercise Price
The fixed price at which the holder of an option can buy (in the case of a call) or sell (in the case of a put) the underlying asset.
Option
A financial derivative that gives the buyer the right, but not the obligation, to buy or sell an asset at a set price on or before a given date.
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