For the writer (seller) of a call option, it represents an obligation to sell the underlying security at the strike price if the option is exercised. The call option writer is paid a premium for taking on the risk associated with the obligation.
Definition of gonad. : a reproductive gland (as an ovary or testis) that produces gametes.
They concern the male reproductive organs. *UPDATED* although gonads are used commonly as a slang word for testes, the scientific meaning is â¦ the organ that creates gamates, which is found in both males and females.On a male this is the testes, and on the female this is the ovaries.8 people found this useful.UPDATED* although gonads are used commonly as a slang word for testes, the scientific meaning is â¦ the organ that creates gamates, which is found in both males and females.