European options can only be exercised on the expiration date but can be sold to another investor on any trading day.

Name: European options can only be exercised on the expiration date but can be sold to another investor on any trading day.
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Question

Quizplus · Accepted Answer

European options are characterized by the fact that they can only be exercised at expiration, but they can indeed be traded or sold to another investor on any trading day prior to their expiration.

European Options Can Only Be Exercised on the Expiration Date