Series 65: 4.1.7.1 American Vs. European Options

4.1.7.1  American vs. European Options

Equity options may be exercised at any time by the buyer of the option until the expiration date.

Non-equity options, which will be discussed later, may or may not have this feature. An option that can be exercised at any time prior to closing is called an American-style option. An option that can o