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.
Well, JP, Mr. Webster conveniently answers your question with this definition for island: a tract of land surrounded by water and smaller than a continent.. Since Africa, Europe and Asia are all continents, they're automatically disqualified.or the part which is called Asia extends from the south through the east to the north; Europe, from the north to the west; and Africa thence from the west to the south. Whence two parts are seen to occupy half the world, Europe and Africa, whereas the other half, Asia alone.