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Stock index futures are generally delivered by cash settlement. Specifically, a call option is the right (not obligation) to buy stock in the future at a fixed price and a put option is the right (not obligation) to sell stock in the future at a fixed price.

Thus, the value of a stock option changes in reaction to the underlying stock of which it is a derivative.

Stock typically takes the form of shares of either common stock or preferred stock.

As a unit of ownership, common stock typically carries voting rights that can be exercised in corporate decisions.

"Rule 144 Stock" is an American term given to shares of stock subject to SEC Rule 144: Selling Restricted and Control Securities.

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