This îs thé right, bùt not thé obligation, tô purchase shares àt à specified price àt à specified date în thé future. See Options.For thîs privilege, thé buyer pays à premium whîch wôùld bé à fraction ôf price ôf underlying security. You àré gambling thàt thé share price will rise above thé option price. If thîs happens yôù càn buy thé shares & sell thém immediately fôr à profit.If thé share price doesn't rise above yôùr option price, yôù dô not exercise thé option & ît expires - àll yôù hàvé lost îs thé initial payment made tô purchase thé option.
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