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Option Exercise
The act of utilizing the right, but not the obligation, to buy or sell an underlying security at a pre-determined price within a specified time frame.
Expiration Date
The last day on which an options or futures contract is valid and can be exercised.
Striking Price
Also known as the exercise price, it is the price at which the holder of an option can buy (call) or sell (put) the underlying asset.
Option Contract
A financial contract giving the buyer the right, but not the obligation, to buy or sell an asset at a set price on or before a certain date.
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