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Slow Waves Are

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Slow waves are


Definitions:

Put Option

A financial contract giving the buyer the right, but not the obligation, to sell a specified amount of an underlying asset at a set price within a specified time.

In The Money

A term used in options trading to describe an option with intrinsic value - a call option with the underlying price above the strike price, or a put option with the underlying price below the strike price.

Underlying Security

Refers to the asset (such as a stock, bond, commodity, or currency) upon which a derivative's value is based.

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