Lesson 8 of 10 · 11 min
Options Essentials: Calls, Puts And The Greeks
What an option is, how its price is made up, and how the payoff looks at expiration.
An option is a contract that gives the buyer the right, but not the obligation, to buy or sell an underlying asset at a set price before or at a set date. The seller takes on the obligation in exchange for the premium.
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