Which of the following is NOT a characteristic of put and call options?
A)They are contracts to buy or sell 100 shares of common stock
B)There is always a specified price
C)There is always a specified time period to exercise options
D)All of the above are characteristics

Question

Quizplus · Accepted Answer

The most widely known options are puts and calls on common stock. A put is an option to sell 100 shares of common stock at a specified price for a given period. Calls are the opposite of puts and allow the owner the right to buy 100 shares of common stock from the option seller (writer). Contracts on listed puts and calls have been standardized and can be bought on several different exchanges.

Which of the Following Is NOT a Characteristic of Put