(redirected from passive exercise)
Also found in: Dictionary, Thesaurus, Medical, Legal, Encyclopedia.


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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.


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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved


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.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.


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.

Dictionary of Financial Terms. Copyright © 2008 Lightbulb Press, Inc. All Rights Reserved.
References in periodicals archive ?
Passive Exercise Maintain joint Movement of muscle flexibility, or muscle group circulation with external assistance.
Passive exercise can be used for inducing functional ranges of joint motion and sensory feedback to maintain or improve neuromuscular function after complete or incomplete SCIs, respectively.
* Visualize while the passive exercise is being done.
Pendular exercises and self-assisted shoulder flexion are common passive exercises that have been previously reported in a rehabilitation protocol (Millett, Wilcox, O'Holleran, & Warner, 2006) and were chosen to represent the passive phase of rehabilitation.
Robotic devices assist patients in performing repetitive tasks (active or passive exercises), addressing several poststroke rehabilitation purposes (e.g., functional training; joint flexibility maintenance and joint stiffness reduction; prevention of muscle/tendon shortening with related deformities, pain, and alterations in muscle-tendon unit mechanics; enhancement of somatosensory and proprioceptive input; reduction of edema, deep venous thrombosis, decubitus ulcers, and pain by promoting circulation) [11,16-19].
He was taught to practise hydro-oleo therapy using any vegetable oil to keep the area hydrated, along with passive exercises for ulnar clawing.
We concluded that immediate reduction of hip joints and early passive exercises followed with active-assisted range of motion were very useful for a successful treatment and for an early full-weight bearing mobilization.
Despite his chronic hypertension, Enrile is able to sleep well, eat his hospital rations and do passive exercises in the morning.
The microtraumas in the soft tissues resulted from forced passive exercises and muscle weakness (imbalance) create a mechanical stress at the muscle-tendon junction.

Full browser ?