Chapter 01 · Section 1.1

Delivery

                    EXCHANGE-TRADED OPTIONS 

Contract Terms             standard
Delivery                   ...........
Trading                    ...........
Credit Risk                ...........
Liquidity                  ...........

a) anticipated in 20-30%of all transactions.
b) anticipated in only 2-3%, sometimes up to 10%of all transactions.
c) expected to be made on the expiration date.
d) expected to be made sometime before the option expires.