Options Basics - Calls and Puts
Calls are the option (right but not the obligation) to buy stock at a particular price (strike price) on or before a particular day (expiration)
Puts are the option (right but not the obligation) to sell stock at a particular price (strike price) on or before a particular day (expiration)
Buying options limits your risk to the premium of the option plus any commission fee from your broker.
Thinkorswim commissions are ~$1.30/contract (round trip)
65 cents to get in and 65 cents to get out.
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