An option requires that you purchase the asset in question unless you sell the option first.

Question

Quizplus · Accepted Answer

An option gives the buyer the right, but not the obligation, to buy or sell the underlying asset at a fixed price within a specified time period. The buyer of an option is not required to purchase the underlying asset unless they choose to exercise the option. They can also sell the option to someone else before it expires, without ever having to purchase the asset in question.

An Option Requires That You Purchase the Asset in Question