# Exercise

- Canonical URL: https://www.gerhardmerk.de/exercise
- Post ID: 592063
- Modified: 2023-07-25T20:59:26+00:00
- Language: en

## Definition

When - the buyer of a call option takes delivery of the forward call position underlying an option or - the buyer of a put option takes delivery of the put position (calling up the rights granted to the owner of an option contract. In the case of a call, the option owner buys the underlying asset; in the case of a put, the option owner sells the underlying asset). - As a rule, only option buyers can exercise options; option sellers as writers generally take a passive role. - See option, commodity futures contract.. Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent! University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec. Professor Dr. Eckehard Krah, Dipl.rer.pol. E-mail address: info@ekrah.com https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk https://www.jung-stilling-gesellschaft.de/merk/ https://www.gerhardmerk.de/

## Machine-readable

- Generator: Merk Knowledge 1.1.1