What are the basics of options trading?
An example of an AI chatbot conversation about options trading basics.
What are the basics of options trading?
Options trading involves buying and selling contracts that give you the right, but not the obligation, to buy or sell an asset.
Can you explain the difference between a call option and a put option?
A call option gives you the right to buy an asset at a specified price, while a put option gives you the right to sell it.
What are some common strategies used in options trading?
Common strategies include covered calls, protective puts, and straddles, each serving different market conditions.
What risks should I be aware of when trading options?
Risks include losing your entire investment, market volatility, and the complexity of options pricing.
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