Exercise an option to realise its value

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• Attempt to push back the time to make a decision

  As long as the cost of deciding is above the cost of deferral, it may not be the **most*responsible moment to Exercise an option to realise its value.

• Options expire

  There is a point in time at which an option loses its value - it is no longer possible to Exercise an option to realise its value.

• Options have value

  Exercise an option to realise its value