Which of the following is not true of option?______.

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问题 Which of the following is not true of option?______.

选项 A、American style options are more flexible than European style options.
B、If you bought an option, the premium is nonrefundable even if you let the option expire worthless.
C、As an option gets closer to expiration, it increases in value.
D、None of the above.

答案C

解析 答案为C项。期权有美式期权(American style option)和欧式期权(European style option)之分,美式期权规定合约可以在期满前任何时候执行,欧式期权则规定只有在合约到期日才能执行,因此美式期权比欧式更灵活;期权费是期权的价格,支付后即使期权没有执行,也不会归还;期权的价值是随着期权到期日的逐渐临近而递减的。本题中C项关于期权的论述不正确,故选C项。
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