In the olden days (before 1989), in order for a copyright to be in effect and remain effective, the author of the work was required to give notice to the public by putting a copyright notice on the work. No longer.
Copyright is effective as soon as the work is created. There is no requirement that the author put a notice of copyright on his or her work. There are advantages, however, to doing so. One is that it puts other people on notice that you are claiming the copyright
In the financial industries, there are two broad types of options (which Black’s Law Dictionary defines generally as “the right of election to exercise a privilege.” One is the right to buy something in the future at a price you fix today, which Wall Street types term a “call.” The other broad category of option is the right to sell something in the future for a price you fix today, which financial investors term a “put.” There are variations on these two broad categories.
In motion pictures, it’s usually the first type people are talking about when they say “option.”
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