There are options that may be exercised at any time up to and including the expiration date. Such options are referred to as ________ options. Other options may be exercised only at the expiration date; these are called ________ options.

Question

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Options that can be exercised at any time up to and including the expiration date are called American options, while those that can only be exercised at the expiration date are referred to as European options.

There Are Options That May Be Exercised at Any Time