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Ralf Dahrendorf wrote "It is immeasurably difficult to trace the path on which a person…encounters other people just like himself, and at a certain point says 'Let us join hands, friends, so that no-one will push us off one by one.'" Dahrendorf was writing about
American-Style Option
A type of options contract that can be exercised at any time before expiration, offering more flexibility than European-style options.
European-Style Option
An option contract that can only be exercised on its expiration date, not before.
Call Option
A financial contract that gives the buyer the right, but not the obligation, to buy an asset at a specified price (strike price) within a specific time period.
Strike Price
The fixed price at which the owner of an option can purchase (in the case of a call option) or sell (in the case of a put option) the underlying security or commodity.
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