NISM Series XIII Common Derivatives Certification Exam Notes
Page 38 Of 303
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Option Settlement: European options settle at expiry based on closing price.
Premium Payment: Buyer pays premium upfront; seller receives it as income.
Exercise Price: Same as strike price, where option can be exercised.
Option Risks: Buyers face limited loss; sellers face potentially unlimited loss.
Margin Requirements: Option sellers face daily MTM margin obligations.
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