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Tags: financial markets
Categories: Economics & Finance
The right, but not the obligation, to buy (for a call option) or sell (for a put option) a specific amount of a given stock, commodity, currency, index, or debt, at a specified price (the strike price) during a specified period of time.
(source: http://www.investorwords.com/3477/option.html#ixzz2S4856DaX)
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