Stock Options

An option is a contract which conveys its owner, the holder, the right, but not the obligation, to buy or sell an underlying asset or instrument at a specified strike price prior to or on a specified date, depending on the form of the option. Source: https://en.wikipedia.org/wiki/Option_(finance)#:~:text=In%20finance%2C%20an%20option%20is,the%20form%20of%20the%20option