Which one of the following four statements correctly describes an American call option?

Which one of the following four statements correctly describes an American call option?
A . An American call option gives the buyer of that call option the right to buy the underlying instrument on any date up to and including the expiry date.
B . An American call option gives the buyer of that call option the right to sell the underlying instrument on any date up to and including the expiry date.
C . An American call option gives the buyer of that call option the right to buy the underlying instrument on the expiry date.
D . An American call option gives the buyer of that call option the right to sell the underlying instrument on the expiry date.

View Answer

Answer: C