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call option

(FINANCE) a financial derivative that entitles the owner to buy a fixed amount of X for a fixed price (the strike price) by a specific date in the future. If this is an equity derivative, X is referred to as the underlying stock.

A call option allows one to reap profits from an increase in price of a traded item without actually buying the asset itself. Since it is an option, one is not compelled to exercise it if it not advantageous to do so; however, the party that initially issued the option (i.e., the one who "wrote" the option) is legally obligated to honor the option.

When the strike price of a call option is more than the current market price of the asset (i.e., its "spot price"), then it has no intrinsic value and is "out of the money."
Buying a call option is one way to take a long position on the underlying asset.

Writing a call is a way to take a short position.
by Abu Yahya April 15, 2010
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optionalistic

Adjective applied to a student who tries to get out of a summer homework assignment by "thinking" it was optional.
It rarely works but might get you permission to hand the assignment in late.
Teacher, "Where is your summer book report?"
Student, "Uhh... I thought that was optional."
Teacher, "How optionalistic of you."
by joesk84ever June 26, 2009
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Related Words

ass options

When a man has various women that he can hook up with
especially used when the man has a girlfriend or is traveling to a new city where old friends live
Man, Fred has some serious ass options during his week long trip to New York.
by Ellis Davis January 10, 2008
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Placing both hands palm to palm- turn middle and ring fingers into palms- keeping pinky, pointer, and thumbs together and extended (a hang loose with addition of thumbs)- rest chin on thumbs- insert pointer fingers into her pink pussy and begin to lick that kitty- as her arousal increases throw in the OPTION by sliding pinkies into her ass!
Knowing how Sally likes me to lick her pink for a lengthy amount of time, I set up my TRIPLE TRIPOD with the OPTION sending her into a quick climax.
by Johnny Stinkfinger April 11, 2009
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triple option

the act or willingness to have vaginal, anal and oral sex
I ran the "triple option" on Heather last night!

My girlfriend runs the "triple option".
by damdug January 2, 2010
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All over the option

When you have visited various locations/shops in succession.
I have been all over the option today looking for an outfit for Christmas Day.
by SpagBowl December 18, 2018
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public option

open to all persons the power or right of choosing healthcare; private healthcare or government runned
The USA is split on the public option, some think of it as a gov't takeover.
by The Gaming Wolf September 25, 2009
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