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    What is an Option?

    An option is a traded security that is a derivative product.

    By derivative product we mean that it is a product whose value is based upon or derived from the price of something else. Since we are talking about stock

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    curity that is a derivative product.

    By derivative product we mean that it is a product whose value is based upon or derived from the price of something else. Since we are talking about stoc

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    vative product we mean that it is a product whose value is based upon or derived from the price of something else. Since we are talking about stoc
    Is Your Credit Policy Working?
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    value is based upon or derived from the price of something else. Since we are talking about stoc
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    something else. Since we are talking about stocks, a stock option is based upon, among other things, the price of the underlying stock.

    There are also options on other traded securities such as currencies, indexes and interest rates, but

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