Series 3: 4.1.7.1. American-Style Vs. European-Style Options

4.1.7.1. American-Style vs. European-Style Options

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

An option that can be exercised at any time prior to closing is called an American-style option. An option that can only be exercised on the closing date is called