Examlex
A behavior may be followed by a positive consequence, or reinforcer, such as food; or by a negative consequence, or punisher, such as a slap; or by nothing with these results determining whether a response is likely to be made again. The type of learning just described is
Writer
In the context of options, the writer is the seller who grants the right to the buyer in exchange for a premium, assuming the risk that the asset may have to be delivered under the contract terms.
Premium
The amount by which the price of something, such as a security or insurance policy, exceeds its face value or principal.
European Call Option
A financial contract that gives the buyer the right, but not the obligation, to buy an asset at a specified price on a specified date.
Exercise Price
The price at which the holder of an option contract may buy (in the case of a call option) or sell (in the case of a put option) the underlying asset when the option is exercised.
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