What are options in trading?
An example of an AI chatbot conversation about options trading basics.
What are options in trading?
Options are financial derivatives that give you the right, but not the obligation, to buy or sell an asset at a predetermined price.
How do call and put options work?
A call option gives you the right to buy an asset, while a put option gives you the right to sell it.
What are the risks associated with trading options?
The main risks include losing your entire investment, as options can expire worthless, and the complexity of strategies.
Can you explain the concept of strike price?
The strike price is the price at which you can buy (call) or sell (put) the underlying asset when exercising the option.
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