In Options Trading, What Is a Concept Analogous to an “Unspent” Financial Position?

An analogous concept in options trading to an "unspent" UTXO is an open position that has not yet been closed, exercised, or expired. An open long option contract, for example, represents a right (the value) that has been acquired but not yet "spent" (exercised or sold).

Just as a UTXO must be consumed to create a new transaction, the open option must be acted upon to realize its final value or close the position.

What Is the Difference between a ‘UTXO’ and an ‘Account’ Model in Blockchains?
Define a “Call Option” and a “Put Option” in the Context of Cryptocurrency Trading
Explain the Difference between a ‘UTXO’ and an ‘Account-Based’ Model
How Does the UTXO Model Differ Fundamentally from the Account/Balance Model Used by Ethereum?
What Is the Fundamental Difference between a Call Option and a Put Option in Crypto Trading?
What Is the Fundamental Difference between a Call Option and a Put Option in Crypto?
How Does the Concept of “Change” Relate to UTXO Transaction Structure?
What Is a UTXO and How Does It Relate to Signing a Transaction?

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