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

TRIPLE TRIPOD with the OPTION

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

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

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

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

Best option

When a pompous ass thinks that they can do something way beyond any capabilities that they may really have.

Kevin Poliquin the best option, techmo champ of the world.

by Code 25631 December 30, 2009

the figel option

A term used in beer pong that replaces a team mate that went MIA for usually just a throw. The replacement can be anyone near the table choosen by the single player. This term is put in effect if the missing team mate taken a piss, droppin a deuce, or just unavalible at the time of his throw. This keeps the game flowing.

"Yo my team mate went to drop a deuce, imma have to run the figel option."

by choppa November 29, 2005