Options

A contract that gives its owner the right, but not the obligation, to either buy or sell a specified underlying asset at a specified price for a specified period of time.

Call Option
An option contract giving its owner the right, but not the obligation, to buy the underlying asset at the strike price for a specified time.

Put Option
An option contract giving its owner the right, but not the obligation, to sell the underlying asset at the strike price for a specified time.