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What is the marital status of most men over the age of 65?
Premium
The amount by which the price of something, such as a security or insurance policy, exceeds its face value or principal.
European Call Option
A financial contract that gives the buyer the right, but not the obligation, to buy an asset at a specified price on a specified date.
Exercise Price
The price at which the holder of an option contract may buy (in the case of a call option) or sell (in the case of a put option) the underlying asset when the option is exercised.
Underlying Asset
The financial asset upon which derivative instruments, such as futures, options, or warrants, are based or derived from.
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