The exercise of stock options refers to the process that investors who hold stock options choose to exercise their rights in the stock option contracts according to the conditions stipulated in the contract, so as to buy or sell stocks. Exercise enables the option holder to buy or sell the underlying stock at the agreed price within a specific period of time.

Stock options are usually issued by companies to their employees or other stakeholders as part of the incentive or reward mechanism. Individuals or institutions holding stock options can buy and sell the underlying stock in the form of stock option at the exercise price agreed by option contracts before the specific exercise date.