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.
Its arbitrary. Australia is no more an island than Maui or the combined continents of Africa and Eurasia. They are all surrounded by water. The only difference is size... and the turning point between island and continent is an arbitrary, invisible line. Its a man-made concept with no strict definition.eport Abuse. Australia isn't an island, it is a continent. People sometimes say it is an island because they: 1. failed social studies in primary/elementary school. 2. live in the USA where the flat earth society has control over the geography curriculum.