Options are financial contracts giving the right to buy or sell assets at predetermined prices

• 💰 Buying options limits risk to the premium paid, with potential for unlimited gains

• ⚠️ Selling options can generate immediate income but exposes sellers to potentially unlimited losses

• 📊 Time decay and volatility impact option values, affecting both buyers and sellers

• 🛡️ Risk management strategies can mitigate some risks associated with selling options

• 🔬 Choosing between buying and selling options depends on individual goals, risk tolerance, and experience

• 🧠 More complex strategies combining buying and selling options exist for advanced traders

One-liner summary: Options trading offers opportunities and risks, with buying generally less risky than selling, but both requiring careful consideration and strategy.