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To implement the right of the holder of an option to buy (in the case of a call) or sell (in the case of a put) the underlying security.


In option contracts, to buy (in the case of a call) or sell (in the case of a put) the underlying asset. The option holder has no obligation to exercise the option, and only does so if he/she believes it benefits him/her. Depending upon the nature of the option, this may be done at any point during the life of the contract, or it may only be done on the contract's expiry date. The strike price of the sale is agreed-upon in the option contract, that is, before the option is exercised.


To require the delivery (for example, a call option) or to force the purchase (for example, a put option) of the option's underlying asset. Many options expire without being exercised because the strike price stated in the option is unfavorable to the holder.


When you act on a buying or selling opportunity that you have been granted under the terms of a contract, you are said to exercise a right.

Contracts may include the right to exchange stock options for stock, buy stock at a specific price, or buy or sell the security or product underlying an option at a specific exercise price.

For example, if you buy a call option giving you the right to buy stock at $50 a share, and the market price jumps to $60 a share, you'd likely exercise your option to buy at the lower price.

References in periodicals archive ?
She then took and failed the physical fitness test as part of the examination on June 19, 2012 and was notified of her failure the same day.
Once you are officially cleared to begin a physical fitness routine, and the search begins for an accessible fitness center, it will become clear that the majority of fitness centers are unequipped to accommodate individuals with disabilities.
Meanwhile, for years now, officers in staff positions across the country have been avoiding the LFCPFS, yet preaching physical fitness standards and getting promoted while doing so.
The law enforcement community should examine its physical fitness training and long-term health programs to ensure an efficient and competent force.
Physical fitness and health-related parameters in Flemish life-long vegetarians: a pilot study.
The scientists first assessed physical fitness in 41 older adults, ages 58 to 77, after each walked 1 mile.
While the physical fitness program has obvious health benefits for seniors, Buchanan claims that there is another aspect of the program that improves quality of life for all participants: "Having a place for socialization is equal to the physical benefits that are being achieved here.
The company has benefitted from branching out into DVD and multimedia production as a new way of promoting physical fitness.
The author's personal experience with physical fitness requirements and needs in an expeditionary environment is based on experiences when the 2d Battalion, 37th Armor (2-37 AR) received a short-notice deployment order to execute a peacekeeping mission in the Federal Yugoslavian Republic of Macedonia (FYROM).
According to the President's Council on Physical Fitness and Sports, only about one-half of Americans ages 12 to 21 regularly participate in vigorous physical activity.
When I joined the President's Council on Physical Fitness and Sports as Executive Director last fall, I made a commitment to "walk the talk"--to encourage Americans to get moving and to lead by example.
Additionally, the uniformed award winners had to show competence in their bearing, physical fitness and military knowledge.