A note from Sary

Form of Value #10: Option Options are valuable because they allow the purchaser the abidiry to take a specific action without requiring them to take that action. For ex ample, if you purchase a movie ticket, you have the ability to occupy a seat in the theater, but you don't have to if a better opportunity presents itself. When you purchase the ticket, all you're purchasing is the right to exercise the Option to see the movie at the time specified -nothing more.

Sary The Personal MBA, page 60 · October 7, 2023 Save to shelf
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