In the context of options trading, particularly focusing on American-style options, which of the following statements accurately reflects the considerations related to the early exercise of these options?

Exam-Like

It is always optimal to exercise an American-style call option on a non-dividend-paying stock before the expiration date.

14.9%

It can be optimal to exercise an American-style put option on a non-dividend-paying stock early.

24.7%

It can be optimal to exercise an American-style call option on a non-dividend-paying stock early.

20.1%

It is never optimal to exercise an American-style put option on a non-dividend-paying stock before the expiration date.

40.2%

Financial Risk Manager Part 1