Options trading involves buying and selling contracts that give the right but not the obligation to buy or sell an asset at a specific price before a set date Traders use options for speculation hedging or income generation There are two main types call options and put options Strategies include covered calls straddles spreads and iron condors Options offer leverage allowing control of larger positions with less capital but also carry higher risk Success in options trading requires understanding of volatility time decay and market trends Risk management is essential with defined entry and exit points to avoid significant losses in volatile conditions #TradingSignal