As with any other type of option, you can purchase a call or put. You have the right to "call in," or buy, a physical asset by owning a physical call option; you have the right to "put out," or sell, a physical asset by owning a physical put option.
The Chicago Board Options Exchange (CBOE) trades physical options that represent underlying assets such as gold or electricity.
Investment dictionary. Academic. 2012.
Look at other dictionaries:
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