If the Holder of an Option Fails to Exercise the Option

question 11

True/False

If the holder of an option fails to exercise the option, the lapse of the option is considered a sale or exchange on the option expiration date.

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Definitions:

Involuntary Emission

Uncontrolled discharge or release of substances from the body; commonly refers to nocturnal emissions or ejaculations during sleep.

Muscular Tubes

Structures composed of smooth muscle, designed to transport substances through contractions, found in organs like the intestines and blood vessels.

Hernia

A condition in which part of an organ is displaced and protrudes through the wall of the cavity containing it, often creating a bulge.

Renal Artery

A blood vessel that carries oxygenated blood to the kidneys.