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The receipt of an exercise notice by an option writer (seller) that obligates him to sell (in the case of a call) or purchase (in the case of a put) the underlying security at the specified strike price.

Related Articles
Underlying security
Swaption
Strike price
Put option
Put
Option writer
Option
Listed option

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Basel II Items

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Keywords

Assignment

Derivatives

derivative

option

exercise notice

exercise

option writer

seller

call

put

call option

put option

underlying security

strike price