What are some key terms in options trading?
An example of an AI chatbot conversation about options trading terminology.
What are some key terms in options trading?
In options trading, some key terms include 'call option', 'put option', 'strike price', and 'expiration date'. Would you like to know more about any specific term?
What is a call option?
A call option gives the holder the right, but not the obligation, to buy an underlying asset at a specified strike price before the option expires.
And what about a put option?
A put option gives the holder the right, but not the obligation, to sell an underlying asset at a specified strike price before expiration.
What does strike price mean?
The strike price is the predetermined price at which the holder of an option can buy (call) or sell (put) the underlying asset.
Can you explain expiration date?
The expiration date is the last day on which an option can be exercised. After this date, the option becomes worthless.
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