NISM Series 12 Securities Markets Foundation Certification Exam Notes
Page 82 Of 93
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American Options: Can be exercised anytime before expiry, not traded in India.
Strike Price: Fixed price at which options can be exercised.
Premium in Options: Price paid for the option contract.
Trading Lot: Minimum contract size, ensuring value exceeds Rs. 5 lakhs.
Price Step: Minimum price movement for futures and options is Re. 0.05.
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