Derivatives
Call Option
Right to buy a security at a set price — gains value when the underlying rises.
A call option gives the buyer the right, but not the obligation, to buy an underlying at a set strike price within a defined window. Calls often serve as a leveraged version of a long position or as a hedge for short positions.
In a 13F filing, purchased calls show up as a separate row classified as "CALL". They are reported at their market value, not at notional — an important nuance, since calls allow large leverage on a modest cash outlay.