45 Option Variations American Option – Can be American Option – Can be exercised at any time prior to exercised at any time prior to expiration expiration European Option – Exercisable European Option – Exercisable only on a specified date only on a specified date Bermudian Option – Exercisable Bermudian Option – Exercisable only on certain specified dates only on certain specified dates Asian Option – Exercisable at Asian Option – Exercisable at the average price over a the average price over a specified period specified period
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