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Worthless
Describes an item that has no value, utility, or financial gain.
Exercise Price
The specified price on an option contract at which the option holder can buy (in the case of a call option) or sell (in the case of a put option) the underlying asset.
2-for-1 Split
A stock split in which a company divides its existing shares into two, reducing the price per share while keeping the total market capitalization the same.
Underlying Stock
The stock that is the basis or the security that options, futures, or other derivatives contracts are derived from or based upon.
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