CISI Derivatives Practice Questions - CISI Capital Markets Programme - Derivatives (Level 3) Exam

The holder of a long call option has:

The obligation to buy the underlying at the strike price The right but not the obligation to buy the underlying at the strike price The right but not the obligation to sell the underlying at the strike price The obligation to sell the underlying at the strike price

Correct Answer:

The right but not the obligation to buy the underlying at the strike price

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