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A call option is a contract giving the owner the right, but not the obligation, to buy a specified amount of an underlying security at a pre-determined price within a specified time frame. Related tags are icall-options, options, options-assignment, option-exercise and should be used when appropriate.
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Options for dummies. Can you explain how puts & calls work, simply?
Here's my attempt at "Options for Kids"
"Hey kid... So you have this video game that you paid $50 for that you want to sell two months from now"
"Yes, Mr. Video Game Broker, but I want to lock in a …