An option is a binding contract that gives the buyer the right, but not the obligation, to buy or sell an underlying asset at a specific price on or before a certain date it has strictly defined terms and properties.

Options are very versatile and allow you to change your position according to the situation they can be speculative or conservative depending on your trading strategy, but the risk can be mitigated by having a firm basic understanding.

The Made Simple series is the perfect vehicle for this content as readers are taken step\by\step through everything they need to know about trading options. Including what can go wrong and can work out which strategies they are most comfortable with.