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exercise
To implement the rights of an option, by buying (in the case of call options) or selling (in the case of put options) the underlying asset. see also abandon, aggregate exercise price, called away, capped-style option, early exercise. Also, to exchange a right or warrant for the appropriate amount of stock. see also early exercise, dilutive, convertible, expiration date, strike price, lapsed option, lookback option.
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