Right of Option
= Right of Option
{wiki=Right_of_Option}
The Right of Option, often referred to simply as an "option," is a financial term that typically refers to a contract that grants the holder the right, but not the obligation, to buy or sell a specific asset at a predetermined price (known as the "strike price") within a specified time frame. Options are commonly used in financial markets for various purposes, including hedging, speculation, or income generation.