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Delivery

Transfer of underlying asset upon exercise

What is Delivery?

Delivery The transfer of the underlying asset when an option is exercised. For physically-settled options, the call buyer receives shares (put buyer delivers shares) at the strike price. Cash-settled options (like index options) pay the cash difference instead of transferring any securities.

Complete Definition

The transfer of the underlying asset when an option is exercised. For physically-settled options, the call buyer receives shares (put buyer delivers shares) at the strike price. Cash-settled options (like index options) pay the cash difference instead of transferring any securities.

Related Terms

Exercise Assignment Settlement Date

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