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A company is hosting an election reporting website on AWS for users around the world. The website uses Amazon EC2 instances for the web and application tiers in an Auto Scaling group with Application Load Balancers. The database tier uses an Amazon RDS for MySQL database. The website is updated with election results once an hour and has historically observed hundreds of users accessing the reports. The company is expecting a significant increase in demand because of upcoming elections in different countries. A solutions architect must improve the website's ability to handle additional demand while minimizing the need for additional EC2 instances. Which solution will meet these requirements?
Option Premium
The price paid by the buyer to the seller to acquire the right, but not the obligation, to buy (call option) or sell (put option) an underlying asset at a specified price within a specified period.
Call Option Contracts
Financial agreements that give the buyer the right, but not the obligation, to buy an asset at a specified price within a certain timeframe.
Option Quoted
The listed price of an option contract on an exchange, often comprising its intrinsic value and time value.
Time Value
The additional amount an investor is willing to pay for an option or other financial product based on its potential to increase in value over time.
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