Elizabeth Owns a Call Option on 100 Shares of Microsoft

question 36

Multiple Choice

Elizabeth owns a call option on 100 shares of Microsoft stock.She has decided to buy those shares.This purchase is commonly referred to as:

• A)striking the asset.
• B)expiring the option.
• C)exercising the option.
• D)putting the collar.
• E)the collar option.

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Definitions:

Pain Relief

Techniques or medications used to reduce or eliminate physical discomfort or pain.

Anorexic

One suffering from anorexia.

Anorexia

An eating disorder characterized by an abnormally low body weight, intense fear of gaining weight, and a distorted perception of body weight or shape.

Suffering

The experience of pain, discomfort, or distress, either physically, emotionally, or psychosocially.