CoachA call option gives its holder the right, and not the obligation, to buy the underlying at a fixed strike price on or before an expiry date; a put option gives the right to sell. The price paid for the option is its option premium. The seller, or writer, receives the premium and bears the obligation.
Quantitative Finance · Glossary
What is Call, put, strike, expiry, premium?
Also known as: call option · strike price · expiry · put option · option premium