Examlex
What is the purpose of CHIP?
Underlying Stock
The stock that is the basis for a particular derivative instrument, such as an option.
Market Value
The current quoted price at which an asset or company can be bought or sold on the open market.
November 47.50 Call
A call option contract for the right to buy a specific financial instrument at a price of 47.50, expiring in November.
Call
A Call option is a financial contract that gives the option buyer the right, but not the obligation, to buy a stock, bond, commodity, or other asset at a specific price within a specific period.
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