I would rather have a healthy fish stock and the option to buy access to it.
The group also holds options to buy 30,000 additional shares.
He is also to receive options to buy 35 million more shares over the next six years at prices ranging from $15.50 to $21.50.
An option, by contrast, is the right, but not the obligation, to buy or sell the commodity.
The Internet gives me a lot more options to buy and sell a car.
But don't cry for him: He already owns options to buy 631,248 shares at an average exercise price of $24.48.
And shareholders would then have options to buy big minority blocks of each other's stock.
Air Canada will also have options to buy 10 planes beyond that, starting in 2002.
An option is the right, but not the obligation, to buy or sell a currency at a set price in the future.
He retains options to buy 783,333 shares of Continental, at about $6 a share.