American equity chance Settlement value/Exercise value?

Dose exercise settlement values is the closing price of the 3rd Friday?
For example the strike prise is 100.
On the closing time, Is it settled single if the closing price >=100 or the first night price >=100, or the average price >=100 etc?

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Answers:
American equity opportunity will expiry on the 3rd Friday of the month.

It will be the closing price used to determine whether the way out will be exercised.


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