An option represents the right but not the obligation to buy or sell an underlying asset at a given price known as the "strike" or "exercise" price, on or before a future expiry date. Options are the ...

A put or call option where the payoff – the difference between the purchase price and the exercise price - depends on the average price of the underlying asset over a specific period of time. As this ...

A put or call option that can only be exercised on its maturity date. Its payoff – the difference between its purchase price and its exercise price - depends on the average price of the underlying ...

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A call option bestows the right to buy an underlying asset at a given price. The short seller (also known as the writer) has an obligation to sell shares to the holder, if the option is exercised.