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Glossary

Glossary

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Published by: meetwithsanjay on Apr 03, 2010
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05/24/2012

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The contractual right, but not obligation, to buy (call option) or sell (put option) a specified amount of
underlying security at a fixed price (strike price) before or at a designated future date (expiration
date). The option writer is the party that sells the option. As per the Securities Contract Regulation Act
(SCRA), “option in securities” means a contract for the purchase or sale of a right to buy or sell, or a
right to buy and sell, securities in future, and includes a teji, a mandi, a teji mandi, a galli, a put, a call
or a put and call in securities.

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