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A person who holds an option. Usually, the holder will have purchased the option. In the context of an employees' share scheme, options are often granted by deed, meaning that the option holder does not pay any consideration for the grant of the option (see also employee share option scheme).
Options contracts are agreements between a buyer and seller which give the buyer the right to buy or sell a particular asset at a later date (expiration date) and an agreed-upon price (strike price). They're often used for securities, commodities, and real estate transactions.
Option Account Agreement must be received by member firm within 15 calendar days from time the account is approved.
About Stock Option Agreements Such an option, once granted to the employee, gives the employee the opportunity to benefit from increases in the company's share value by granting the right to buy shares at a future point in time at a price equal to the fair market value of such shares at the time of the grant.
An options contract offers the buyer the opportunity to buy or selldepending on the type of contract they holdthe underlying asset. Unlike futures, the holder is not required to buy or sell the asset if they decide against it.