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Which term best describes the following situation: Jason pays $225 for the right to buy 100 shares of Orion Office REIT (ONL) at 25.

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Call buyers have the right, or option, to buy stock from call writers.
Which term best describes the following situation: Jason pays $225 for the right to buy 100 shares of Orion Office REIT (ONL) at 25.
09
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Which term best describes the following situation: Jason pays $225 for the right to buy 100 shares of Orion Office REIT (ONL) at 25.
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