Template:Nutshell Equity Derivatives 2.3(a)
- 2.3(a) Call. “Call” is an Option Transaction where the Buyer:
- (i) Cash Settlement: if the Settlement Price exceeds the Strike Price, exercise a cash-settled Call to receive an Option Cash Settlement Amount from Seller; and
- (ii) Physical Settlement: where the Call is physically-settled, purchase Shares (or Baskets) from Seller at the Settlement Price,
- (i) Cash Settlement: if the Settlement Price exceeds the Strike Price, exercise a cash-settled Call to receive an Option Cash Settlement Amount from Seller; and