What does 'options terminology' mean in finance?
An example of an AI chatbot conversation about options terminology in finance.
What does 'options terminology' mean in finance?
Options terminology refers to the specific terms and concepts used in options trading, such as strike price, expiration date, and premium.
Can you explain what a 'strike price' is?
The strike price is the predetermined price at which an option can be exercised, meaning the price at which the underlying asset can be bought or sold.
What is the difference between a call option and a put option?
A call option gives the holder the right to buy an asset at the strike price, while a put option gives the holder the right to sell an asset at the strike price.
What does 'expiration date' mean?
The expiration date is the last date on which an option can be exercised. After this date, the option becomes worthless.
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