An option buyer has three courses of action available: exercise the option, sell it or let it expire.

Name: An option buyer has three courses of action available: exercise the option, sell it or let it expire.
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Quizplus · Accepted Answer

An option buyer can indeed exercise the option (use their right to buy or sell the underlying asset), sell the option on the secondary market, or let it expire worthless if it does not benefit them to exercise it.

An Option Buyer Has Three Courses of Action Available: Exercise