Which of the following statements is FALSE?

Group of answer choices

If the payoff from exercising an option immediately is positive, the option is said to be in-the-money.

As with other financial assets, options can be bought and sold. Standard stock options are traded on organized exchanges.

The price at which the holder buys or sells the share of stock when the option is exercised is called the strike price or exercise price.

The option seller has the right to exercise the option and has a long position in the contract.