low exercise price option
Word Rarity
Uncommon
Frequency: Zipf frequency 4.32 in modern English
40
Scrabble Score
22
Letters
4
Syllables
12
Unique Chars
Meaning
noun
A European call option on a share or index, with a 1 cent strike price, traded on ASX. Instead of paying an upfront premium, margin is held and marked-to-market daily, making it similar to a futures contract on the underlying asset.
noun
Alternative letter-case form of Low Exercise Price Option.