Options 101
Imagine having a special ticket that lets you buy a stock at a fixed price no matter what it's actual price is 🎟️
Discover the two most important numbers to know when buying an option: the premium and the strike price 💡
Learn how call options give you the right to buy a stock at a specific price and profit if the stock price goes up 📈
Explore how put options give you the right to sell a stock at a certain price, which is useful when you think the stock's price will fall 📉
Every option has an expiration date, and as this date gets closer, the option's value decreases, making it crucial to act quickly ⏳
Find out when options are "in the money" or "out of the money" based on the stock price relative to the strike price 📊
Understand the factors that influence option premiums, including the likelihood of profit, strike price, time decay, and volatility 💰
