... purchase a put option at a later date at a fixed cost The most common application occurs when a company is participating in a tender and realizes that it may need to buy a call or a put option to ... most exchange-traded options are standardized There are a set number of strikes and expiry dates available, and it is not generally possible to trade options on the shares of smaller companies By ... contrast, in the OTC market dealers will sell and buy options on a wide range of shares, as long as they can find a way to manage the risks associated with such deals Also, dealers offer a huge variety...