The stock dividend may be additional shares in the company, or it may be shares in a subsidiary being spun off to shareholders. Stock dividends are often used to conserve cash needed to operate the business. Unlike a cash dividend, stock dividends are not taxed until sold. Used as an indicator of market sentiment or psychology to try to predict the market's trend. The portion of the premium that is based on the amount of time remaining until the expiration date of the option contract, and that the underlying components that determine the value of the option may change during that time.
Time value is generally equal to the difference between the premium and the intrinsic value.
Settlement occurs 1-5 business days later. The date on which a trade occurs. A measure of trading activity during the previous year, expressed as a percentage of the average total assets of the fund. The number of times a given asset, such as inventory, is replaced during the accounting period, usually a year. The volume of shares traded as a percent of total shares listed during a specified period, usually a day or a year.