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 Support on 13 15 19 (8am to 6pm, Monday to Friday, Sydney time).