This instance is from Wikipedia and should be reused below a CC BY-SA license. A phrase settlement provides a developed-in expiration To paraphrase, the option vendor doesn't normally want the option to become exercised or redeemed. Instead, they just want the profits with the option with out getting the obligation https://claytonlrwab.oblogation.com/26715316/helping-the-others-realize-the-advantages-of-option-chain