Briefly describe each of the following source documents:
Definitions:
Call Option
A financial contract giving the buyer the right, but not the obligation, to purchase an asset at a specified price within a specific time period.
Put
A put is an options contract giving the holder the right, but not the obligation, to sell a specified amount of an underlying asset at a predetermined price before the contract expires.
Option
A financial contract granting the buyer the right, but not the obligation, to buy or sell an asset at a set price within a specific time.
Asian Options
A type of option where the payoff depends on the average price of the underlying asset over a certain period of time rather than at maturity.
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