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<a accesskey="3" href="page.php?w=Option_%28finance%29&amp;p=2">3.Next</a>
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<p>In <a href="page.php?w=finance">finance</a>, an <b>option</b> is a contract which conveys to its owner, the holder, the right, but not the obligation, to buy or sell a specific quantity of an <a href="page.php?w=underlying">underlying</a> <a href="page.php?w=asset">asset</a> or <a href="page.php?w=financial_instrument">instrument</a> at a specified <a href="page.php?w=strike_price">strike price</a> on or before a specified <a href="page.php?w=expiration_%28options%29">date</a>, depending on the <a href="page.php?w=Option_style">style</a> of the</p><p>
<a accesskey="3" href="page.php?w=Option_%28finance%29&amp;p=2">3.Next</a>
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