(1) In this section -
"quoted option" means an option which at the time of abandonment or other disposal is quoted and dealt in on a stock exchange in the State or elsewhere in the same manner as shares;
"traded option" means an option which at the time of abandonment or other disposal is quoted on a stock exchange or a futures exchange in the State or elsewhere;
references to an option include references to an option binding the grantor to grant a lease for a premium or to enter into any other transaction which is not a sale, and references to buying and selling in pursuance of an option shall be construed accordingly.
(2) Without prejudice to sections 534 and 535, the grant of an option, including -
(a) the grant of an option binding the grantor to sell an asset the grantor does not own and, because the option is abandoned, never has occasion to own, and
(b) the grant of an option binding the grantor to buy an asset which, because the option is abandoned, the grantor does not acquire
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