Introduction - The Very Basics

An option is the right, but not the obligation, to buy or sell a stock for a specified price on or before a specific date. A call is the right to buy the stock, while a put is the right to sell the stock.

An option is the right, but not the obligation, to buy or sell a stock for a specified price on or before a specific date. A call is the right to buy the stock, while a put is the right to sell the stock.