Question: options are really complicated particularly when there are 4 , 5 6 8 , 7 8 3 possible values the stock could have between now
options are really complicated particularly when there are possible values the stock could have between now and when the option expires to simplify things, we assume that we can treat all options like options because options can only be exercised at expiration meaning that we only need to understand what the options payoff could be at the end of the options life
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