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Basics

Underlying

Asset the option is based on

What is Underlying?

Underlying The stock, ETF, or index that an option derives its value from. AAPL stock is the underlying for AAPL options. SPX is the underlying for SPX index options.

Complete Definition

The stock, ETF, or index that an option derives its value from. AAPL stock is the underlying for AAPL options. SPX is the underlying for SPX index options.

Related Terms

Index Options Etf Options

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