Called

What is Called?

Called meaning Another term for exercised when an option is a call. In the case of an option on a physical, the writer of a call must deliver the indicated underlying commodity when the option is exercised or called. In the case of an option on a futures contract, a futures position will be created that will require margin, unless the writer of the call has an offsetting position.

 

reference: U.S. COMMODITY FUTURES TRADING COMMISSION – CFTC Glossary

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