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.
[oÂ´vah-re] the female gonad; either of the sex glands in the female in which the ova are formed. Ovaries are paired oval organs approximately 3 cm long, 2 cm wide, and 1 cm thick, one on either side of the uterus, usually near the lateral pelvic wall adjacent to the anterior superior iliac spine.