Cap on the number of option contracts of any one class of contract that can be exercised within a five-day period contract. Stock option's exercise limit is typically 2000 contracts.
Maximum number of option contracts of the same class that can be exercised within five consecutive business days. Stock options usually have an exercise limit of 2000 contracts. See: Class Of Option; Exercise
The limit on the number of contracts which a holder can exercise in a fixed period of time. Set by the appropriate option exchange, it is designed to prevent an investor or group of investors from "cornering" the market in a stock.