What are the key terms I should know about options trading?
An example of an AI chatbot conversation about advanced options terminology.
What are the key terms I should know about options trading?
In options trading, some key terms include 'strike price', 'expiration date', 'premium', and 'underlying asset'. Would you like to know more about any specific term?
Can you explain what a strike price is?
The strike price is the predetermined price at which the underlying asset can be bought or sold when the option is exercised.
What does it mean when an option is in the money?
An option is considered 'in the money' when exercising it would lead to a profit. For a call option, this means the underlying asset's price is above the strike price.
What is the difference between a call and a put option?
A call option gives the holder the right to buy the underlying asset at the strike price, while a put option gives the holder the right to sell it.
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