What are the differences between options and stocks?
An example of an AI chatbot conversation about options and stocks trading differences.
What are the differences between options and stocks?
Stocks represent ownership in a company, while options are contracts that give you the right to buy or sell stocks at a specific price.
Can you explain how options work in more detail?
Sure! Options come in two types: calls and puts. A call option gives you the right to buy a stock, while a put option gives you the right to sell it.
What are the risks associated with trading options?
Options can be riskier than stocks because they can expire worthless, leading to a total loss of your investment.
Are there any advantages to trading options over stocks?
Yes, options can provide leverage, allowing you to control a larger amount of stock with a smaller investment, and they can also be used for hedging.
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