An American Option is $...$

A$)$ an option contract that allows the holder to exercise the option at any date up to and

including the expiration date.

B$)$ an option contract that allows the holder to exercise the option only at the expiration

date.

C$)$ always dealing with different contracts to secure a certain investment income.

D$)$ an option contract that is never out$-$of$-$the$-$money.

D

A

C

B