88E 33.3% 0.2¢ 88 energy limited

↑ Noob question here , trying to wrap my head around oppies....

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    Noob question here , trying to wrap my head around oppies.

    When is the premium paid to the writer?
    Only upfront at the start of the agreement?
    And how often, as this number fluctuates over time.

    I then pay the agreed strike price upon execution of my option?
 
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