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Call Option
A financial contract that gives the buyer the right, but not the obligation, to buy a specified quantity of an asset at a set price within a specified time.
Strike Price
The rate at which an option's owner has the right to purchase (for a call option) or offload (for a put option) the underlying asset or commodity.
Market Price
The current price at which an asset or service can be bought or sold.
Put Option
A financial derivative that gives the holder the right, but not the obligation, to sell a specified quantity of an underlying asset at a set price within a specified time.
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