Speculative risk refers to risks that can lead to either a profit or a loss, as opposed to pure risks, which only have the potential for loss. Among the choices provided, the ones that incur speculative risk are:
- Stocks
- Options
Both stocks and options involve the potential for gain or loss based on market performance and are subject to fluctuating values, making them speculative in nature. The other options listed (fire insurance, life insurance, high-interest savings account) are examples of pure risks or lower-risk situations that do not involve the possibility of profit, only the possibility of loss.