Option
An option gives its holder a contractual right to buy or sell an underlying exposure while the writer accepts the corresponding obligation.
Basic option-contract terms for option rights, holders, writers, call rights, and options trading activity.
Core Option Contracts and Parties is the financial-instruments landing page for option rights, holders, writers, calls, exercise prices, expiration dates, moneyness, contract styles, listed options, option classes, chains, underlyings, warrants, and real options. It keeps related terms in one branch so readers can move from a broad instrument question to the article that owns the contract evidence.
Use this page when an option contract term changes rights, obligations, exercise timing, moneyness, or underlying exposure. Use the parent Options Contracts and Exercise Features page when you need the broader instrument map. For an individual decision, confirm the contract, term sheet, prospectus, confirmation, exchange specification, or disclosure record before relying on the term.
Use the table below to move from this landing page into the term page that best matches the instrument evidence.
| Term | Use it for |
|---|---|
| Call | Call clarifies option rights, obligations, payoff shape, exercise timing, or strategy risk. |
| Nonlinear Options Trading | Nonlinear Options Trading clarifies option rights, obligations, payoff shape, exercise timing, or strategy risk. |
| Option | Option clarifies option rights, obligations, payoff shape, exercise timing, or strategy risk. |
| Option Agreement | Option Agreement clarifies option rights, obligations, payoff shape, exercise timing, or strategy risk. |
| Option Contract | Option Contract clarifies option rights, obligations, payoff shape, exercise timing, or strategy risk. |
| Option Holder | Option Holder clarifies option rights, obligations, payoff shape, exercise timing, or strategy risk. |
| Option Writer | Option Writer clarifies option rights, obligations, payoff shape, exercise timing, or strategy risk. |
| Options Trading | Options Trading clarifies option rights, obligations, payoff shape, exercise timing, or strategy risk. |
A call option gives the holder a right to buy, but the call writer may have an obligation if the holder exercises.
Core Contracts content is educational and does not provide personalized investment, tax, legal, accounting, valuation, derivatives, or securities advice.
Choose a subsection first. Deeper term pages live inside each subsection, which keeps large topic hubs readable.
An option gives its holder a contractual right to buy or sell an underlying exposure while the writer accepts the corresponding obligation.