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Glossary

Underlying asset#

The asset to be locked when writing a covered call, or received when exercising a covered call.

Quote asset#

The asset used to price the underlying asset.

Contract size#

How many of the underlying asset can the option holder exercise for. Or in other words, how many underlying asset need to be locked when writing a covered call.

Strike price#

The price in which the exerciser may exchange quote asset for the locked underlying asset.

Expiration#

The last date where the option may be exercised.