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American style options are those contracts that can be exercised or bought/sold anytime within the expiry date. Options of individual stocks are American or European style contracts.
European style option contracts can only be exercised or bought/sold on the expiration date. All Index options are European style contracts.
One way to quickly identify whether an Option is a European and American style is to look at the nomenclature of the Option contract. If there is CE in the contract name then it means CALL European style option. Similarly, CA in the contract name means CALL American style, PE means PUT European style and PA means PUT American style option.
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