Examlex
Select the letter of the sentence in which all of the commas are used correctly.
-_____
Writer
In the context of options, the writer is the seller who grants the right to the buyer in exchange for a premium, assuming the risk that the asset may have to be delivered under the contract terms.
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.
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