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Futures Call Option
A financial contract that gives the buyer the right, but not the obligation, to buy an underlying asset at a specified price on or before a certain date.
Futures Contract
A contractual arrangement to purchase or sell a specific asset or commodity at an agreed price on a future date.
Specified Price
A pre-determined price agreed upon by all parties involved in a transaction.
Strips And Straps
Options strategies that involve combining puts and calls with the same expiration date but different strike prices to profit from movements in the underlying asset's price.
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