Buying Options. A buyer of an option contract may “close out” the position by entering into an equal and opposite position in the same option series. Alternatively, he may allow the option to expire worthless or he may exercise the option (as to the last scenario, see Paragraph 6 above). If the option expires worthless the buyer will lose his total investment (the premium plus transaction costs).
Appears in 6 contracts
Samples: Member Client Agreement, Member Client Agreement, Member Client Agreement
Buying Options. A buyer of an option contract may “close out” the position by entering into an equal and opposite position in the same option series. Alternatively, he may allow the option to expire worthless or he may exercise the option (as to the last scenario, see Paragraph 6 above)option. If the option expires worthless the buyer will lose his total investment (the premium plus transaction costs).
Appears in 1 contract
Samples: Client Agreement
