Series 65: 4.1.7.1. American Vs. European Options

Taken from our Series 65 Online Guide

4.1.7.1. American vs. European Options

Equity options may be exercised at any time by the buyer of the option 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 only be exercised o

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