An option that can only be exercised on the expiration date is called a(n):
A) Implied option.
B) European-style option.
C) Parity call option.
D) American-style option.
E) Put option.

Question

Quizplus · Accepted Answer

European-style options can only be exercised at the expiration date, unlike American-style options, which can be exercised at any time before the expiration date.

An Option That Can Only Be Exercised on the Expiration