A call option is a contract that gives the option buyer the right to buy an underlying asset at a specified price within a specific time period.
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If you're thinking of trading stocks or options, it's good to know a thing or two about them. Here we will walk through the pros and cons of options vs stocks.
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Essentially buying the right to purchase 100 of one stock at a set price with an expiration date.
It's pretty much gambling on the company doing well or worse by a certain date. You can sell your right to purchase the shares instead of exercising the option to buy. It's very dangerous and I only started dipping my toes into it.
Highly suggest reading before engaging in it!