An American Call Option Gives the Owner

Multiple Choice

An American call option gives the owner

A) the right to buy or sell the stock at the strike price on or before the expiration date.
B) the right but not the obligation to buy the stock at the strike price on or before the expiration date.
C) the right and the obligation to buy the stock at the strike price on or before the expiration date.
D) the right but not the obligation to sell the stock at the strike price on or before the expiration date.