Chapter 01 · Section 1.1
Liquidity
EXCHANGE-TRADED OPTIONS
Contract Terms standard
Delivery less than 10%
Trading centralized
Credit Risk clearing house
Liquidity ...........
Compared to options that are not traded on an exchange, exchange-traded options uually have:
a) a high degree of liquidity.
b) a low degree of liquidity.
c) almost no liquidity.
Can the option be traded easily at a price close to the price last traded?