A Call Option gives the buyer the right, but not the obligation to buy the underlying security at the exercise price, at or within a specified time.
A Put Option gives the buyer the right, but not the obligation to sell the underlying security at the exercise price, at or within a specified time.
Learn more about Exchange Traded Options. Alternatively, if you need more information, please call the CommSec Options Desk on 1800 245 698 (8am to 5:30pm, Monday to Friday, Sydney time).