An option is a contract that always
A. gives the owner the right, but not the obligation, to buy shares of a stock at a specified price within the time limits of the contract.
B. gives the owner the right, but not the obligation, to sell shares of a stock at a specified price within the time limits of the contract.
C. states that the seller agrees to provide a particular good to the buyer on a specified future date at an agreed-upon price.
D. gives the owner the right, but not the obligation, to buy or sell shares of a stock at a specified price within the time limits of the contract.
Answer: D
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