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the price at which someone who has an options contract (= an agreement giving the right to buy and sell shares in the future) can buy or. Definition: Exercise date refers to the date on which a trader decides to exercise an option (Call/Put) on an exchange or with a brokerage whether bought or. The Exercise Price An option buyer pays a price called a "premium," which is the cost of the option, for their right to buy or sell the underlying asset at.
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