Product Expiry
The terminal boundary for an ARRANGE position.
#Terminal payoff
At expiry, remaining time value falls away and the short call owes intrinsic value under the position terms.
Call obligation at expiry = max(S_T − K, 0)#Expiry specification
- Timestamp and clock source.
- Terminal price source, observation window and decimal normalization.
- Stale-data, pause, halt and market-closure behavior.
- Applicable Stock Token multiplier and corporate-action state.
- Settlement finality, authorized caller and fallback state.
Seven-, thirty- and ninety-day terms in the documentation are illustrative comparison points.