What are the different types of options in trading?
An example of an AI chatbot conversation about types of options in trading.
What are the different types of options in trading?
In trading, the two main types of options are call options and put options. Would you like to know more about each?
Yes, please explain call options.
A call option gives the holder the right to buy an asset at a specified price before a certain date. It's used when you expect the asset's price to rise.
And what about put options?
A put option gives the holder the right to sell an asset at a specified price before a certain date. It's used when you expect the asset's price to fall.
Are there any other types of options?
Yes, there are also exotic options, which have more complex features than standard options. Would you like to explore those?
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