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chooser option

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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.

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

See also: Call, Option, Put
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.


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