Step-by-Step: How to Buy an Options Contract for the First Time

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2025-06-23 20:55:52 -

Before purchasing your first options contract, it’s important to know what it actually represents. An options contract gives you the right, but not the obligation, to buy or sell a specific asset at a set price within a certain time frame. There are two main types: call options, which allow you to buy, and put options, which allow you to sell. Options can be used for speculation, income,...

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