Seeking assistance with AVR Options (AVRO) procedures.
A deceased family member purchased 10,000 AVRO at $2.50, expiring 18.12.2021, but that is the limit of my knowledge of options.
What is the procedure from here?
AVRO:
i. what is the strike price?
ii. if "in the money" at expiry date what happens?
iii. if "out of the money" at expiry date what happens?
Assistance would be appreciated.
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