Question: Define the following terms: Call option 2. Put option 3. Strike price or exercise price 4. Expiration date 5. Exercise value 6. Option price 7.

Define the following terms:

  1. Call option

2. Put option

3. Strike price or exercise price

4. Expiration date

5. Exercise value

6. Option price

7. Time value

8. Writing an option

9. Covered option

10. Naked option.

11. In-the-money call

12. Out-of-the-money call

13. LEAPS

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