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Which one of the following four statements correctly describes an American call option?

Which one of the following four statements correctly describes an American call option?

A.

An American call option gives the buyer of that call option the right to buy the underlying instrument on any date up to and including the expiry date.

B.

An American call option gives the buyer of that call option the right to sell the underlying instrument on any date up to and including the expiry date.

C.

An American call option gives the buyer of that call option the right to buy the underlying instrument on the expiry date.

D.

An American call option gives the buyer of that call option the right to sell the underlying instrument on the expiry date.

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