Pearl A call premium is the amount by which the price of a call option exceeds the intrinsic value of the underlying asset. The intrinsic value is the difference between the strike price and the underlying asset’s price. The premium also includes the time value, which is the amount by which the option’s price exceeds its … Read more
An employee stock purchase plan (ESPP) is a company-sponsored program that allows employees to purchase company stock at a discounted price. The discount is typically 10-15% below the current market price, and employees can purchase shares through payroll deductions over a period of time (usually 6-12 months). ESPPs are a popular employee benefit, as they … Read more
In currency trading, the “big figure” refers to the first few digits of a currency price, excluding the decimal point. For example, if the price of the US dollar is quoted as 1.2345, the big figure would be 1.234. The big figure is important because it is used to indicate the general direction of the … Read more
