e/Exercise (options)

Information
has gloss	eng: The owner of an option contract may exercise it, indicating that the financial transaction specified by the contract is to be enacted immediately between the two parties, and the contract itself is terminated. When exercising a call, the owner of the option purchases the underlying shares at the strike price from the option seller, while for a put, the owner of the option sells the underlying to the option seller.
lexicalization	eng: exercise
instance of	(noun) a financial instrument whose value is based on another security derivative instrument, derivative