The strike rate may be set by reference to the area price (market cost) of the hidden security or product on the day an alternative is gotten, or it might be fixed at a discount rate or at a premium. The seller has the matching commitment to fulfill the deal (i.A choice that conveys to the owner the right to buy at a particular price is described as a call; an alternative that conveys the right of the owner to cost a specific rate is described as a put. The seller might grant an option to a buyer as part of another deal, such as a share concern or as part of a staff member incentive scheme, otherwise a buyer would pay a premium to the seller for the option.