A call option is the ''//right//'' but ''//not the obligation//'' to acquire an [[Asset]] by paying a certain sum of money on or before a certain time.

* European calls are only exercisable at expiration.
* An American call may be exercised at any time prior to expiration.

As a consequence, an American call must be at least as valuable as on otherwise identical European call.
bag
mbi_public
created
Mon, 02 Jan 2012 12:17:54 GMT
creator
dirkjan
modified
Mon, 02 Jan 2012 12:17:54 GMT
modifier
dirkjan
creator
dirkjan