Which one of the following actions will provide you with the right, but not the obligation, to purchase the underlying asset during a specified period of time?

A) the purchase of a call option
B) the sale of a call option
C) the purchase of a put option
D) the sale of a put option
E) the swap of a put option

Call Option

A financial derivative that gives the buyer the right, but not the obligation, to buy an asset at a specified price within a predetermined period.

Purchase

The act of acquiring goods or services in exchange for money or other compensation.

Underlying Asset

The underlying asset determining the value of a derivative, including options like stocks, bonds, commodities, or currencies.