Options

Call Option
A comprehensive explanation of the call option, its types, valuation methods, and context in economics and finance.
Chicago Board of Trade (CBOT)
An in-depth understanding of the Chicago Board of Trade (CBOT), a leading futures and options exchange.
CME Group
The exchange formed in 2007 through the merger of the Chicago Board of Trade and the Chicago Mercantile Exchange, providing a wide range of futures and options products.
Exercise Price
The predetermined price at which an option holder can buy or sell the underlying asset.
Implied Volatility
A term used in the options market to denote the volatility of the underlying security suggested by the market price of an option contract.
Option
A contract permitting the holder the right, but not the obligation, to trade a specific asset at a predetermined price on or before a future date.
Stock Option
An instrument offering the right, but not the obligation, to buy or sell a stock at a predetermined price within a specified time period.