The right to buy or sell,
without the obligation
Options are versatile contracts that let you profit from market movements, hedge existing positions, or generate income — with defined and controlled risk.
Flexible strategies for every market condition
From covered calls and protective puts to complex spreads — options offer unmatched flexibility for expressing a view on virtually any asset.
Calls & Puts
A call option grants the right to buy an asset at a set price. A put option grants the right to sell. Together, they form the building blocks of every options strategy.
Time Value & Expiration
Options lose value as expiration approaches — a concept called time decay (Theta). Understanding how time value erodes is essential for both buyers and sellers of options.
Volatility & Premiums
An option's premium reflects the market's expectations for future volatility. High implied volatility means expensive options — a dynamic traders actively exploit in both directions.