Chapter 02 · Section 2.1
COMEX gold Futures
Suppose Victor is short a COMEX April 350 gold futures option
This futures option can be exercised by:
a) the person who originally bought the option Victor sold.
b) any person who is long a COMEX April 350 gold futures option.
c) any person who is short a COMEX April 350 gold futures option.
d) the clearing house.
An exchange-traded option can be bought and sold several times. There is no direct relationship between the writer and the holder.