: The deadline for the contract. Options lose value every day as they approach expiration (time decay).
: Buy a Put . This gives you the right to sell 100 shares at the strike price. how to buy options
: Buy a Call . This gives you the right to buy 100 shares at a set price (the strike price ). : The deadline for the contract
: Transfer cash to cover the premium (the cost of the contract) and any potential brokerage fees. 2. Choose Your Strategy Decide on your outlook for a specific stock: how to buy options