Examlex
All of the following are true statements about radio during the Great Depression except
Strike Price
The predetermined price at which an option can be exercised, allowing the holder to buy (in the case of a call option) or sell (in the case of a put option) the underlying security.
Puts
Options contracts 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.
Underlying Security
The asset upon which a derivative contract, such as an option, is based.
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