Which of the following statements about stock options is True?

Stock options grant the owner only the right to buy the stock at a specified price over a specified period

Stock options grant the owner only the right to sell the stock at a specified price over a specified period legally oblige the owner to buy the underlying stock at the specified price over a specified period

Stock options grant the owner the right to either buy or sell the stock at a specifed price over a specified period, Depending on the type of the options.