The option that gives the owner the right to buy an asset at a fixed price at or before a certain date is called a

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A call option gives the owner the right to buy an asset at a fixed price at or before a certain date. Put option, on the other hand, gives the owner the right to sell an asset at a fixed price at or before a certain date. Parity option and swaption are different types of options with different characteristics.

The Option That Gives the Owner the Right to Buy