Status: You are viewing the version of the handbook as on 2019-09-01.

restricted option

    196an option:

      1. (1) that is in the money at the point of sale;
      1. (2) where the value is determined by one-to-one fluctuations in the value or price of the underlying asset; and
      1. (3) for which the value is not significantly affected by the time to expiry.