Yes, it’s possible to convert an option into a stock, but it depends on the type of option being considered. When an investor possesses a call option, they possess the right, though not the obligation, to purchase the underlying stock at the strike price before the option reaches its expiration. With a put option, likewise, investors have the right to sell the underlying stock at the strike price. The decision of whether to exercise these rights is contingent upon several market factors and individual strategies.