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What is the underlaying asset of daily options?


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Dear Sir / Madam

 

I have a question about the daily options (options that expire end of the day). How do these work behind the scenes? As far as i know there are no 'real' options that expire every day (but i could be wrong there :) ). So what does IG do if a client buys / sells an option on the platform.

 

Thanks!

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