Options

European-Style Option

An option that can only be exercised at expiry itself, not before — the standard style for most Indian equity and index options.

A European-style option can only be exercised at expiry itself, not at any point before. Most equity and index options traded in India are European-style — though positions can still be closed (bought back or sold) at any time before expiry, independent of the exercise mechanism.

See the full comparison with American-style options in Options Terminology Explained: Strike Price, Premium, Expiry, Lot Size.