# Discrepancy European-style **URL:** \ **Category:** FINRA SIE\ **Created:** [February 18, 2025, 3:51pm UTC](https://talk.achievable.me/t/discrepancy-european-style/7543 "2025-02-18T15:51:59Z")\ **Posts on this page:** 3\ **Page:** 1
**Author:** ![cstein](https://talk.achievable.me/letter_avatar/cstein/32/6_22734026db12803ebb3e059622ac3534.png) [@cstein](https://talk.achievable.me/u/cstein)\ **Post date:** [February 18, 2025, 3:51pm UTC](https://talk.achievable.me/t/discrepancy-european-style/7543/1 "2025-02-18T15:51:59Z")
I’ve noticed a bit of a discrepancy from the achievable material and Kaplan Qbank/online sources. Euro-style is described in achievable as only allowed to exercise at expiration. In the Kaplan Qbank, it is described: “European style contracts may only be exercised on the last day the contract trades before expiration.” For the purposes of the SIE, which should I use? Or perhaps they are saying the same thing and I’m misunderstanding. Thanks Best, Christian ---
**Author:** ![Justin](https://talk.achievable.me/user_avatar/talk.achievable.me/justin/32/41_2.png) [@Justin](https://talk.achievable.me/u/Justin)\ **Post date:** [February 18, 2025, 7:19pm UTC](https://talk.achievable.me/t/discrepancy-european-style/7543/2 "2025-02-18T19:19:19Z")
Hey Christian, they’re saying the same thing: it’s just the last day. Settlement timelines and related issues can vary the real-world experience a bit, but it doesn’t matter for the exam. The key point is: - American-style options can be exercised anytime - European-style options can only be exercised at expiration ---
**Author:** ![cstein](https://talk.achievable.me/letter_avatar/cstein/32/6_22734026db12803ebb3e059622ac3534.png) [@cstein](https://talk.achievable.me/u/cstein)\ **Post date:** [February 18, 2025, 9:19pm UTC](https://talk.achievable.me/t/discrepancy-european-style/7543/3 "2025-02-18T21:19:38Z")
Thank you for the clarification, Justin!