An options contract gives its owner the right to buy or sell a fixed number of shares at a specified price over a limited time period.

Name: An options contract gives its owner the right to buy or sell a fixed number of shares at a specified price over a limited time period.
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Question

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This is the definition of an options contract, which gives the owner the option, but not the obligation, to buy or sell shares at a set price within a certain timeframe.

An Options Contract Gives Its Owner the Right to Buy