In short he noted that the spread betting companies offered contracts for differences (not unlike an option but a gambling contract, not an option itself) based upon the best bid and offer prices on the London Stock Exchange.
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Brokerages automatically exercise an ITM option contract unless the contract owner instructs them otherwise.
An option is a contract that allows investors to bet on a stock's direction, and as is typical for IPOs, options trading for Facebook began about a week after its stock-market debut.
Rogers has had an unlocking policy in place for awhile, but it isn't what most would call reasonable: an unlock isn't even an option until the contract is over, which could involve a 3-year wait and obsolete hardware that isn't worth the effort.
An option on a futures contract is the right, but not the obligation, to buy or sell the underlying security at a particular price within a specific time.
Part of the management contract included an option to buy a stake in the Greek airline.
In 1989 Mittal negotiated to lease and run the mill under a 10-year contract, with an option to buy in 5 years.
An option, conversely, is a contract between investors covering existing shares.
"We have an option to extend Neil's contract at the end of the season so, to all intents and purposes, his contract does not end until June 2007, " he said.
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The Blades board have an option to extend Warnock's contract, which ends in June, at the end of the season but so far have not offered to improve his terms.
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The 24-year-old forward has signed an 18-month contract with the option of a further year at the KC Stadium.
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There is also an option of a one-year extension to the contract and Boyce goes straight into the squad for the Irish Cup game against Distillery.
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City have the option of an extra year on Jackson's contract and the player has flown out to Germany to join his team-mates at a training camp in Bonn.
In one study, they asked participants to play the role of an NBA team manager who had the option of offering a contract to a particular player.
Verlander signed a five-year contract extension with the Detroit Tigers that includes an option for a sixth year.
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And team captain Garry Hay, who had a year left on his contract, has extended it to 2009 with an option for an extra year.
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All I ask is the management contract and can we throw in an option for us to buy the hotel if you ever decide to sell it?
The contract runs from April 1, 2013, with an option to continue for a further two years.
Scott's contract with the Pac-12 runs through 2016 with an option to add additional years.
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Vettel, known to be a target for Mercedes, is under contract with Red Bull until the end of 2011, with an option to stay for 2012.
The 33-year-old, whose Leeds contract was going to expire this summer, has signed an 18-month deal with the option of a further year.
Mr Griffiths' contract with Wolves expires at the end of the season, but the Midlands club have an option to extend it until the summer of 2014.
Delve says he "would relish" staying at Kingsholm, but his contract runs out this summer and he would have to "weigh up whether that is an option or not".
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