Synthesis Educational Consulting Corp. Home Previous Frame Course Description Course Objectives Course: Concepts of Trading Listed Stock Options Screen 1

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	An option is the right to buy or sell something under a certain set of conditions. For example, if you're in the market to buy a house, you can obtain an option (sometimes called a binder) on that house for an amount of money to later be credited to the down payment. Generally, this option gives you the right to purchase the house at an agreed price if your application for a mortgage is approved.
	spacer Which of the following is (are) an example of an option: spacer 1. A binder for the purchase of a house. 2. A PUT on a New York Stock Exchange security. 3. A right to hire a professional athlete for an additional contract year. 4. All of the above.

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