What Are Calls and Puts?

What Are Calls?

The Short Explanation:

Call Options are a type of a derivative financial contract which gives the option for the holder of the contract to buy an asset within a specified time frame for a predetermined price.

What Are Puts?

The Short Explanation:

Put Options are a type of a derivative financial contract which gives the option for the holder of the contract to sell an asset within a specified time frame for a predetermined price.