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A financial derivative that gives the buyer the right, but not the obligation, to buy or sell an asset at a set price before a certain date.
An option is a financial contract that gives the buyer the right, but not the obligation, to buy (call option) or sell (put option) an underlying asset at a specified strike price before or at expiration. Options are used for speculation, income generation through premiums, or hedging against price movements in the underlying asset.
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