Built- in option. Essential Options Trading Guide

Built-in options

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The add form of the command adds a new option to the database. If priority is specified, it indicates the priority level for this option see below for legal values ; it defaults to interactive. This command always returns an empty string.

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The option clear command clears the option database. Xdefaults file will be reloaded automatically the next time an option is added to the database or removed from it.

The option get command returns the value of the option specified for window under name and class.

The distinction between American and European options has nothing to do with geography, only with early exercise. Many options on stock indexes are of the European type. Because the right to exercise early has some value, an American option typically carries a higher premium than an otherwise identical European option. This is because the early exercise feature is desirable and commands a premium.

If several entries in the option database match window, name, and class, then the command returns whichever was created with highest priority level. If there are several matching entries at the same priority level, then it returns whichever entry was most recently entered into the option database.

Developer Manual

If there are no matching entries, then the empty string is returned. The readfile form of the command reads fileName, which should have the standard format for an X resource database such as.

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Xdefaults, and adds all the options specified in that file to the option database. If priority is specified, it indicates the priority level at which to enter the options; priority defaults to interactive. The file is read through a channel which is in "utf-8" encoding, invalid byte sequences are automatically converted to valid ones.

This means that encodings like ISO or cp with high probability will work as well, but this built- in option be guaranteed.

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This cannot be changed, setting the [encoding system] has no effect. The priority arguments to the option command are normally specified symbolically using one of the following values:.

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See also