Option Official

are financial contracts that give you the right—but not the obligation—to buy or sell an asset at a set price within a specific timeframe.

: The right to sell an asset. You buy a put if you expect the price to go down. 🔑 Essential Vocabulary option

They are incredibly versatile tools used by investors to speculate on market directions, generate income, or hedge against potential losses. ⚖️ The Two Golden Pillars are financial contracts that give you the right—but

: The deadline by which you must exercise your right, or the contract becomes worthless. ⚠️ The Golden Rule of Risk option

: The cash fee you pay to purchase the option contract.