Explain the following terms in the context of options: long, short, call, put, American, European, in-the-money, out-of-the-money,

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Explain the following terms in the context of options: long, short, call, put, American, European, in-the-money, out-of-the-money, at-the-money, strike, holder, buyer, writer, seller, expiry, premium, over-the-counter, and exchange-traded.

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