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Legislatures do not create laws.
Intrinsic Value
Intrinsic value refers to the actual value of a company, stock, currency, or product determined through fundamental analysis without reference to its market value.
Vertical Spread
An options trading strategy that involves buying and selling of two options of the same type and expiry date but different strike prices.
Time Spread
A strategy in options trading that involves buying and selling options on the same asset with the same strike price but different expiration dates.
Put
An option contract giving the owner the right, but not the obligation, to sell a specified amount of an underlying asset at a set price within a specified time.
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