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Low Exercise Price Option

noun

Definitions

  1. A European call option on a share or index, with a 1 cent strike price, traded on ASX.…

    A European call option on a share or index, with a 1 cent strike price, traded on ASX. Instead of paying an upfront premium, margin is held and marked-to-market daily, making it similar to a futures contract on the underlying asset.

  2. Alternative letter-case form of Low Exercise Price Option.

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sense glosses and etymology drawn from English Wiktionary · source · CC-BY-SA