Some more "traditional" assets have option-like features;some of these instruments include

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Callable bonds, convertible bonds, and warrants all have option-like features. Callable bonds give the issuer the option to redeem the bond before maturity, convertible bonds give the holder the option to convert the bond into a predetermined number of shares, and warrants give the holder the option to purchase shares at a specified price before expiration.

Some More "Traditional" Assets Have Option-Like Features;some of These Instruments