Call Option
Option contract giving the buyer the right to purchase an asset at a fixed strike price before expiration.
Call, put, option cycle, option series, options-on-futures, and yield-based option terms.
This section covers calls, puts, option cycles, option series, options on futures, and yield-based option terms. Core option vocabulary defines the right being bought or sold before strategy, pricing, and Greeks are layered on top.
Use these pages when explaining basic option contracts, payoff direction, expiration cycles, and the difference between call and put rights. Call Option and Put Option cover the basic upside and downside rights. Option Series and Option Cycle explain how listed contracts are grouped by strike and expiration. Options on Futures and Yield-Based Option cover specialized underlyings.
Before analyzing a core option term, identify:
Step back to Options when the issue is broader strategy, volatility, rules, or execution. Move to Moneyness, Strikes, and Expiration when the contract feature determines exercise economics. Move to Pricing and Valuation when the issue is premium, model input, or theoretical value.
Choose a subsection first. Deeper term pages live inside each subsection, which keeps large topic hubs readable.
Option contract giving the buyer the right to purchase an asset at a fixed strike price before expiration.
An option cycle is the expiration schedule that determines which contract months are listed for an option class.
An option series is a specific listed option contract line with the same underlying, type, expiration, strike price, and settlement terms.
Options on futures give the holder the right to enter a futures position at a specified strike price before or at expiration.
Option contract giving the buyer the right to sell an asset at a fixed strike price before expiration.
A yield-based option is an option whose payoff is tied to an interest-rate or yield level rather than to a bond price.