Basics of call options 📈📉🔸Options are financial contracts drawn on an underlying asset, which can be stocks, commodities, currencies, etc🔸A call option is a right to buy without an obligation to buy, which means you execute it when it is profitable 🔸For buying this right without an obligation, you pay a premium 🔸A call option will have a strike price, which is the price at which the underlying security can be bought once exercised 🔸The option is given to only one party in the transaction
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