The last day on which an owner of an option can elect to exercise that option is referred to as the ________ date.
A)ex-payment
B)ex-option
C)opening
D)expiration
E)intrinsic

Question

Quizplus · Accepted Answer

The expiration date is the last day on which an owner of an option can exercise that option. Ex-payment date refers to the date on which a dividend payment has already been paid out, ex-option date is not a commonly used term, opening date refers to the first day an exchange opens for trading, and intrinsic value refers to the value of an option if it were to be exercised immediately.

The Last Day on Which an Owner of an Option