PsyFi Documentation
  • Welcome to PsyFi
    • Why use PsyFi?
    • PsyFi Product Suite
    • PsyVaults - Vaults Product
      • 🏗️Covered Calls & Secured Puts Vaults Architecture
      • 📶Leveraged Strategy Vaults (Call Spreads & Put Spreads) - Currently Paused
      • 💹Market Making Vaults - Currently Paused
      • 📚PsyVaults Resources
        • PsyFi Vault Contracts
      • 👩‍🏫PsyVaults Tutorials
        • 💵Weekly Bidding on V2 Vaults
        • 💰PsyVault Rewards
          • Auto-Deposit into PsyLend to Earn Rewards
          • Understanding Staking Rewards
          • Boosting your Staking Rewards
      • ❓PsyVaults FAQs
    • PsyLend - Structured Products Lending
      • 👩‍🎓Tutorials - Supplying & Borrowing
      • 🎰Supply & Interest Rate Calculations
      • 🅿️Lending Parameters
      • ⚒️Liquidations
      • 💰Rewards
      • ⚡Fees
      • *️Risks & Insurance Fund
      • PsyLend FAQs
      • PsyLend Glossary
  • PsyFi DAO Audits
    • Audits
  • Build with PsyFi
    • Options Protocol
      • American Style Options
      • Tokenized European Style Options
      • Under-Collateralized European Style Options
      • PsyOptions FAQ
    • Fusion - Airdropping Options - Deprecated
      • 👩‍🏫Fusion Tutorials
        • Users: Option Rewards and What You Can Do With Them
        • Users: Claiming Airdrops Through Fusion
    • Developers
      • Program Integration
      • Client Integration
        • Namespace: instructions
        • Namespace: serumInstructions
        • Namespace: serum utils
        • Enumeration: ClusterName
        • Enumeration: ProgramVersions
        • Class: Validation
      • PsyFi DAO Contributor Support
    • Designers
      • Logos
      • Fonts
  • Options Education
    • Styles of Options
    • Calls & Puts
    • Option Strategies
    • Glossary
  • PSY Token & DAO
    • PSY Tokenomics
      • PSY Token Unlock Schedule
    • Governance Infrastructure & Tokenomics
    • Governance Parameters
    • PSY 2.0: PSY Stake and DeMux Overview [RFC]
    • Governance Tutorials
      • Governance Overview & Walkthrough
      • Initializing a Proposal Using Poseidon [RFC]
      • PsyOptions Protocol Governance Actions
      • Voter Stake Registry Set Up
        • How to Lock Your Own Tokens
        • How to Propose Issuing Locked Tokens
        • How to Propose Clawing Back Granted Tokens
      • PSY 2.0 - How to Stake Your PSY to Start Participating in PSY 2.0 Governance
      • PSY 2.0 - How to Claim Rewards For Staked PSY
      • PSY 2.0 - How to Setup a RewardPool
      • PSY 2.0 - How to perform DeMuX Actions on Reward Pools [RFC]
      • PSY 2.0 - How to view tokens that are sent to DeMux [RFC]
    • Governance FAQ
      • 🐛PSY DAO Bug Bounty
    • Poseidon [RFC]
    • PsyFi DAO Contributors
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  1. Options Education

Styles of Options

There are two primary types of vanilla option contracts, American and European.

American Options give the holder the right, but not the obligation to exercise up until the expiration date.

European Options give the holder the right, but not the obligation to exercise at the time of expiration.

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Last updated 3 years ago