Explain the Fundamental Difference between a Call Option and a Put Option ▴ Learn

Explain the Fundamental Difference between a Call Option and a Put Option.

A call option grants the holder the right, but not the obligation, to buy an underlying asset at a specified price (the strike price) before or on a specific date. It is a bullish instrument.

A put option grants the holder the right, but not the obligation, to sell an underlying asset at a specified price before or on a specific date. It is a bearish instrument.

Both are used for speculation and hedging.

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