Sun. May 9th, 2021
Options, Free TON House, Wiki

Options are a derivative whereby the buyer gets the right (but not the obligation) to purchase the underlying asset. The sale is carried out either at a pre-agreed price, or at an unfixed price, but calculated according to a formula previously determined by the parties.

By the time of execution, options are divided into three types:

  1. European, when the fulfillment of obligations occurs on the last day of the period specified in the contract.
  2. American, in which the right to redemption can be exercised on any day of the contract.
  3. Quasi-American, when the contract is repaid at specific time intervals. The interval can be one or several.
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