Asset Classes and Downturns: Beginner's guide to financial statement pt 91

As part of my financial's learning series from @morningstar @investopedia

Stock Options is a financial instrument (an assets that can be trade or a package of capital) that gives the owner the right but not the obligation to buy an asset at an agree-upon price and date.

Source : https://www.sec.gov/reportspubs/investor-publications/investorpubsbegfinstmtguide