The right, but not the obligation to buy the underlying assets at an agreed upon price (strike or exercise price) during the option term. It gives the holder or buyer of the option the right to buy the underlying instrument at an agreed strike price in the future when prices may be higher than the strike price. Selling a call option obligates the seller to sell the underlying instrument at an agreed strike price in the future when prices may be higher than the strike price. A call is the opposite of a put.
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