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Chooser Option

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Dictionary Says

Definition of 'Chooser Option'

An option where the investor has the opportunity to choose whether the option is a put or call at a certain point in time during the life of the option.
Investopedia Says

Investopedia explains 'Chooser Option'

Also known as 'hermaphrodite option' or 'AC-DC option'.

Related Definitions

  •

    Call

    1. The period of time between the opening and closing of some future markets wherein the prices are established through an auction process.2. An option contract giving the owner the ...
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  • Option

    A financial derivative that represents a contract sold by one party (option writer) to another party (option holder). The contract offers the buyer the right, but not the obligation, to ...
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  • Put

    An option contract giving the owner the right, but not the obligation, to sell a specified amount of an underlying asset at a set price within a specified time. The buyer of a put option ...
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