Type of option that can be exercised only at date of expiration is classified as

Solution (By Examveda Team)

Type of option that can be exercised only at date of expiration is classified as European option. A European option is a version of an options contract that limits execution to its expiration date. In other words, if the underlying security such as a stock has moved in price an investor would not be able to exercise the option early and take delivery of or sell the shares.