Learn more about the ZooParent Program by clicking here. Macaws are easily identifiable birds. Their body plumage is primarily red while the wings are a mix of blue and green. It measures between 35 to 40 inches long, weighs between 2.5 and 3.5 pounds, and has a wingspan measuring between 44 and 49 inches.
By Investopedia Staff. An option is a contract that gives the buyer the right, but not the obligation, to buy or sell an underlying asset at a specific price on or before a certain date. An option, just like a stock or bond, is a security.he two types of options are calls and puts: 1  A call gives the holder the right to buy an asset at a certain price within a specific period of time. 2  A put gives the holder the right to sell an asset at a certain price within a specific period of time.
(Learn how and when to remove this template message) Option strategies are the simultaneous, and often mixed, buying or selling of one or more options that differ in one or more of the options' variables. Call options give the buyer a right to buy that particular stock at that option's strike price. Put options give the buyer the right to sell a particular stock at the strike price. This is often done to gain exposure to a specific type of opportunity or risk while eliminating other risks as part of a trading strategy.