If you’re an experienced investor, options can provide flexibility and leverage that may allow you to profit through the volatility of a stock price, lock in market gains, protect against losses and generate income on your stock holdings.
Options, also known as derivatives, are contracts that generally give you the right to buy or sell an underlying asset at a certain price on or before a specified date. Like stocks, many options trade on an exchange and are subject to defined terms and properties.
You can purchase call options or put options, write covered calls and, with special exception, write naked puts. Additional spread strategies are not allowed.
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