In options markets the fee charged by a seller of an option is called the:

Name: In options markets the fee charged by a seller of an option is called the:
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The fee charged by a seller of an option is called the option premium. The premium is the price that the buyer pays the seller for the right, but not the obligation, to buy or sell the underlying asset at a specific price (strike price) on or before a specific date (expiration date).

In Options Markets the Fee Charged by a Seller of an Option