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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.
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Aside from the exercise value, what's the lure of bowling?
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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.
NOVA Chemicals: Continued Business Improvement by Business Wire
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