The act where an owner of an option buys or sells the underlying asset,as is his right,is called ________ the option.
A)striking
B)exercising
C)opening
D)splitting
E)strangling

Question

Quizplus · Accepted Answer

Exercising the option refers to the act of buying or selling the underlying asset based on the terms of the option contract. This is the most appropriate term to use in this context.

The Act Where an Owner of an Option Buys or Sells