NISM Series XIII Common Derivatives Certification Exam Notes
Page 134 Of 303
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Expiration Date: The date when the option contract ceases to exist.
Time to Maturity: Difference between the trade date and expiration date.
Option Buyer and Seller: Buyer pays premium and has rights; seller receives premium and bears the obligation.
Option Premium: The price paid by the buyer to acquire the option.
Underlying Asset: The asset being bought or sold (e.g., currency).
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