The following two statements relate to financial derivatives. Choose the correct answer for statements being correct or incorrect.<br>Statement I When an option is allowed to be exercised only on the maturity date, it is called an American option.<br>Statement II If the option holder does not lose or gain whether he exercise his option or buys or sells the asset form the market, the option is said to be at-the-money.

Correct Answer: Statement II is correct, but Statement I is incorrect