Low Exercise Price Option (LEPO) - Financial definition
Financial acronyms
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Concise definition of the term Low Exercise Price Option
A Low Exercise Price Option is a type of European-style call option traded on the Australian Australian Stock Exchange with the peculiarity of having an exercise price of 0.01 AUD and a contract size of 100 shares.
Comprehensive definition of the term Low Exercise Price Option
A LEPO can be compared to a forward purchase of shares for the buyer of the option and a forward sale of shares for the seller of the option.