Not exact matches
You can tell your broker (or the computerized lackey) to purchase your
ETF shares only
at a
certain price.
A put option is an option to sell an
ETF at a specific
price, on or before a
certain date (known as Option expiry date).
A call option is an option to buy an
ETF at a specific
price, on or before a
certain date (known as Option expiry date).
The AP delivers a
certain amount of underlying securities and receives the exact same value in
ETF shares,
priced based on their net asset value (NAV), not the market value
at which the
ETF happens to be trading.