Series 7: 5.1.6.1 American Vs. European Options

Taken from our Series 7 Top-off Online Guide

5.1.6.1 American vs. European Options

Equity options may be exercised by the buyer of the option at any time until the expiration date.

Non-equity options, which will be discussed later, may or may not have this feature. An option that can be exercised at any time prior to closing is called an American-style option. An option that can o

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