In an option contract the party who receives the option right is the

While the term "buyer" can often be associated with the optionee, it is not an accurate designation within the context of an option contract. The buyer could refer to a party in a straightforward purchase transaction, whereas the optionee specifically pertains to the holder of the rights provided by the option contract, which is a distinct legal concept.

A broker acts as an intermediary in executing trades and facilitating transactions between buyers and sellers in the financial markets. They do not hold the rights granted by an option contract; instead, they assist the optionee and the option writer in their dealings. Thus, the broker does not directly receive the option right.

The term "tenant" generally refers to an individual or entity that occupies property under a lease agreement. It is unrelated to the context of an option contract, where the focus is on financial derivatives rather than real estate occupancy. Therefore, a tenant does not pertain to the roles outlined in an option agreement.