In the special language of options, contracts fall into two categories - Calls and Puts. A Call represents the right of the holder to buy stock. A Put represents the right of the holder to sell stock.

There are several types of options contracts in financial transactions. The main features of an exchange traded option, such as a call options and a put options contract.

There are actually many different types of options, there are basically two main types; call options which give the holder the right to buy the underlying asset at the strike price, and put options which give the holder the right to sell the underlying asset at the strike price.