You pay the exercise price and receive a share which is worth more.

你只要付出转换费，就换得价夜里值班高的股票。

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The higher the share price or the lower the exercise price the more valuable a call.

股价越高，或者转换价越低，买进期权越。

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Where holdings of options are disclosed, the exercise period and the exercise price must be given.

凡披露期权的持有量，必须说明其行使期及行使价格。

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The lower the exercise price, the more the option is worth as the stock price rises.

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Ordinarily, with nonqualified options, the value of the stock over the exercise price is taxed as salary.

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That's because options are taxed as earnings when they're exercised, based on the difference between the exercise price and the value of the stock.

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