option 1
noundomain: possession
Princeton WordNet [ver.3.1]
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EnglishDefinition
the right to buy or sell property at an agreed price; the right is purchased and if it is not exercised by a stated date the money is forfeited
Hypernym
a financial instrument whose value is based on another security
EnglishHyponym
naked option 1
noun
a put or call option for which the seller or buyer has no underlying security position
covered option 1
noun
a put or call option backed by the shares underlying the option
call option 2
noun
the option to buy a given stock (or stock index or commodity future) at a given price before a given date
put option 2
noun
the option to sell a given stock (or stock index or commodity future) at a given price before a given date
straddle 4
noun
the option to buy or sell a given stock (or stock index or commodity future) at a given price before a given date; consists of an equal number of put and call options
