... this willgive the reader fresh insights into the subject. It is these ideas that provide the intellectual lifeblood of the subject and it is these ideas that lead ulti-mately to the technological ... change over the term of the contract. In contrast, the price of the underlying asset willchange as time passes. If the price of the asset rises a lot over the term of the contract, the asset will ... Margaux. The terms of the option contract specify the underlying asset, the dura-tion of the contract and the price to be paid for the asset. In option jargon, the fixed price agreed upon for buying the...