Commodity glossary E
- Exchange For Physical. Actual exchange between an OTC contract and a futures contract which takes place off exchange between parties.
- An option that can only be exercised on the expiry date
EXCHANGE TRADED OPTIONS
- Options on future contracts offered by a recognised futures exchange, such as NYMEX.
- The initiation of the right to buy (call) or sell (put) an asset by the option holder at the agreed strike price
EXERCISE PRICE (STRIKE)
- See "sell"