Q: Cash-based or Future-based?
A: Cash based - this means our option do not have any physical entity underlying to option contract. When this type of option is exercised or assigned, the settlement is done with cash only.
Q: European or American Exercise?
A: European exercise - this means that the option may only be exercised on it’s expiration day. This is different than American exercise options, where the options may be exercised at any time.