Full Text

options

John O'Connell


Subject Business and Management » International Management


Extract

An option gives the right to its owner to purchase a specified amount of securities, currency, or commodities at a specified price at a stated time in the future. Options are commonly used to hedge purchases or sales of securities, currency, or commodities. An option is a right and not an obligation, thus the holder does not have to exercise his or her rights under the option. ( 1992 ). Multinational Business Finance , 6th edn. Reading, MA : Addison‐Wesley . ( 1994 ). Understanding and Trading Futures: A Hands‐On Study Guide for Investors and Traders . Hinsdale, IL : Probus . ( 1994 ). High Performance Futures Trading: Power Lessons From the Masters . Hinsdale, IL : Probus . ... log in or subscribe to read full text

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