Which of the following describes a "call" option?

A "call" option is a financial contract that gives the holder the right, but not the obligation, to purchase a specified quantity of an underlying asset, typically stock, at a predetermined price within a specified time frame. This predetermined price is known as the strike price.

The concept behind a call option is that it allows investors to potentially benefit from an increase in the price of the underlying asset. If the market price of the stock rises above the strike price, the holder can buy the stock at the lower strike price and either sell it at the higher market price or hold it for continued gains. Therefore, describing a call option as an option to buy property at a specified price aligns perfectly with its intended function in financial markets.

Other options incorrectly relate to the characteristics of different financial instruments or strategies. For instance, selling stock at market price pertains to a different type of transaction, and a bond investment refers to fixed-income securities, which do not involve options at all. Additionally, methods for short selling involve a different strategy focused on profiting from a decline in stock prices, rather than the acquisition of assets. Thus, the clarity of the definition of a call option aligns directly with the concept of purchasing at a specified price, solidifying its representation