What is Option? | SIE, SERIES7 Exam Prep

An option is a contract giving the holder the right, but not the obligation, to buy (call) or sell (put) an asset at a specified price before a certain date. 📚 Learn more about Option and other key terms for your SIE, SERIES7 exam at Open Exam Prep. 🎯 This term appears on: SIE, SERIES7 🔗 Full glossary: https://www.open-exam-prep.com/glossary 🔗 Option definition: https://www.open-exam-prep.com/glossary/option 💡 Exam Tip: Call = right to BUY. Put = right to SELL. Buyers have rights; sellers have obligations. --- #securities #examprep #financeexam #sie #series7