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Exercise Price
The predetermined price at which the holder of an option can buy (call option) or sell (put option) the underlying security or commodity.
Option
An option is a financial derivative that represents a contract sold by one party to another, offering the right, but not the obligation, to buy or sell a security at an agreed-upon price within a certain period of time.
Receive
To obtain or accept something given, presented, or transmitted to you.
Pay
The salary or wage that is given to an employee by an employer in exchange for their work.
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