From Longman Business Dictionaryoptions contractˈoptions ˌcontract [countable] FINANCE a contract that gives the right to buy or sell particular shares, currencies etc at a particular price on a particular date in the future or within a particular period of timeEach crude-oil options contract entitles its holder to buy (a call option) or sell (a put option) the equivalent of 1,000 barrels of oil at a predetermined price. → contract
