This article details what the chooser option is. An option contract that allows the holder to select whether it would be a call or a put option before the maturity date is known as the chooser option.
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Did you lose something, Dr. Pick’Em?” “Lose something?” he screeched. “I lost everything! The Hawks were 24-point favorites, but I tried to be clever and picked the other guys, who lost by 30. The ...