Introduction to Important Option Terms
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Published on 2026-02-12 Updated on 2026-02-12
(1) Strike Price (also known as "Exercise Price"): If a stock's market price is $100 and you buy a $150 call option, $150 is the strike price.
(2) Expiration Date (also known as "Exercise Date"): If you buy an option that expires on July 15, 2030, that day is the expiration date.
(3) Open Interest: The number of contracts that have not yet expired and have not been executed.
(4) Contract: The unit of options is contracts, usually each contract represents the right to 100 shares of stock.
(5) Settlement Type: Stock options are generally physically settled (Physical Settlement), while index options are generally cash settled (Cash Settlement).
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BIYA GLOBAL LLC is a licensed entity registered with the U.S. Securities and Exchange Commission (SEC No.: 802-127417); a certified member of the Financial Industry Regulatory Authority (FINRA) (Central Registration Depository CRD No.: 325027); regulated by the Financial Industry Regulatory Authority (FINRA) and the U.S. Securities and Exchange Commission (SEC).
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BIYA GLOBAL LLC is registered with the Financial Crimes Enforcement Network (FinCEN), an agency under the U.S. Department of the Treasury, as a Money Services Business (MSB), with registration number 31000218637349, and regulated by the Financial Crimes Enforcement Network (FinCEN).
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