securities that give the holder the right (but not the obligation) to buy or sell a specified number of shares of stock, at a specified price for a certain ( limited) time period. Typically one option equals 100 shares of stock. Bloomberg Financial Dictionary
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The right but not the obligation to buy ( call) or sell ( put) an underlying equity instrument. Standard equity options are available on individual UK stocks, FTSE 100 and FTSE 250 equity indices, and FLEX® options are available on the FTSE 100 Index at LIFFE. LIFFE
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Options that give the holder the right, but not the obligation, to buy or sell a stock or share at a particular price on or before a certain date. ► See also Options.
Financial and business terms. 2012.