What is an option? What is a call option? Why would an investor be interested in an option? What is the risk of purchasing an option? Why is the market price of a call option always above its exercise value? What is meant by "out of the money"? What is the meaning of arbitrage? How can it help or hurt an investor? What is a hedge fund? When should an investor use a hedge fund? What is an option? What is a call option? Why would an investor be interested in an option? What is the risk of purchasing an option? Why is the market price of a call option always above its exercise value? What is meant by "out of the money"? What is the meaning of arbitrage? How can it help or hurt an investor? What is a hedge fund? When should an investor use a hedge fund