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Understanding Strike Prices and Expiration
What Is a Strike Price? The strike price (or exercise price) is the predetermined price at which the underlying asset—such as a stock, ETF, or index—can be bought (in the case of a call option) or sold (in the case of a put option) by the option...
Introduction to Options
What are Options? Options are financial contracts that give the buyer the right, but not the obligation, to buy or sell an underlying asset at a specific price on or before a specified date. They offer flexibility, leverage, and multiple ways to...
What is a Butterfly Option? A Beginner’s Guide
What is a Butterfly Option? A Beginner's Guide When you first hear the term butterfly option, you might think of colorful insects. In reality, it's a powerful trading strategy used to limit risk while targeting specific price movements in the...