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Exercise value

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Exercise value
The value of an in-the-money option if it was exercised today (before the expiration date). For a call option, this is the difference between the current asset price and the stike price. For a put option, it is the difference between the strike price and the current asset price.


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Since walking is the most common form of physical activity among older adults, it makes sense to add additional exercise value and fun to trails for older adults.
In accordance with the plan documentation, the exercise value is equal to the closing price of the Common Shares on the TSX or the NYSE; however the redemption value was previously based on the TSX.
 
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