Which of the following statements is FALSE?

	Call options with strike prices above the current stock price are in-the-money, as are put options with strike prices below the current stock price
	European options allow their holders to exercise the option only on the expiration dateholders cannot exercise before the expiration date.
	Options also allow investors to speculate, or place a bet on the direction in which they believe the market is likely to move.
	Options where the strike price and the stock price are very far apart are referred to as deep in-the-money or deep out-of-the-money