chooser option

Definition of "chooser option"
  1. A special type of option bought now, which will be decided in the future to be a put or call option
How to use "chooser option" in a sentence
  1. The investor purchased a chooser option to potentially switch between put and call options in the future.
  2. The flexible nature of a chooser option can be attractive to risk-averse traders.
  3. Understanding the nuances of a chooser option is essential for effective strategic investing.

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