How Does a Call Option Differ Fundamentally from a Put Option?
A Call Option grants the holder the right, but not the obligation, to buy an underlying asset at a specified price (strike price) before or on a certain date. A Put Option, conversely, grants the holder the right, but not the obligation, to sell the underlying asset at the strike price.
Call options are typically bought with a bullish outlook, while Put options are bought with a bearish outlook. Their payoff structures are inverse to each other.
Glossar
Call Option
Entitlement ⎊ The core of a call option within cryptocurrency derivatives represents a contractual right, but not an obligation, to purchase a specified digital asset at a predetermined price, known as the strike price, on or before a specific expiration date.
Underlying Asset
Futures Pricing incorporates the cost of carry, which in crypto markets includes funding rates derived from perpetual swap markets and the time value associated with holding the spot asset.