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chooser option

 - 2 dictionary results
Chooser Option
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Financial Dictionary

Chooser Option

An option where the investor has the opportunity to choose whether the option is a put or call at a certain point in time during the life of the option.

Investopedia Commentary

Also known as 'hermaphrodite option' or 'AC-DC option'.

Related Links

Options Basics Tutorial

See also: Call, Option, Put

Investopedia.com. Copyright © 1999-2005 - All rights reserved. Owned and Operated by Investopedia Inc.
Cite This Source
Chooser Option
Get Leading Tools For the Job! For The Smarter Trader - OptionsXpress.
www.optionsxpress.com
Morningstar Options Guide
10 rules for option investing Get your free guide now
www.morningstar.com/
Financial Dictionary

chooser option

An option that permits the owner to choose whether to use the security as a put or a call after the option is purchased. The exercise price and expiration date are specified at the time of purchase.

Wall Street Words: An A to Z Guide to Investment Terms by David L. Scott.
Copyright © 2003. Published by Houghton Mifflin.
Cite This Source
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