In the case of options with automatic exercise the net value of the option is credited to the long and debited to the short position holders. Typically, exchange-traded option contracts expire according to a pre-determined calendar.
A continent is one of several very large landmasses on Earth. Generally identified by convention rather than any strict criteria, up to seven regions are commonly regarded as continents. Ordered from largest in size to smallest, they are: Asia, Africa, North America, South America, Antarctica, Europe, and Australia. In geology, areas of continental crust include regions covered with water.
A continent is one of several large areas of land on Earth, which are identified by convention rather than any strict criteria. The specific areas of land vary, but seven areas are commonly reckoned as continents - they are, in order of size, Asia, Africa, North America, South America, Antarctica, Europe and Australia. An island or isle is any piece of land that is completely surrounded by water. Very small islands such as emergent land features on atolls are called islets.