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.
Top 10 amazing movie makeup transformations. The gonads form a part of the endocrine system and are the primary reproductive organs of both sexes. Ovaries are the female organs, while testes are those in males. They are generally considered mixed glands in both sexes because they manufacture both cells and hormones.