Options Trading 101: Calls, Puts, and Greeks Explained

Options can be powerful tools or dangerous weapons. Understanding them is crucial before trading.

What are Options?

An option gives you the right (not obligation) to buy or sell an underlying asset at a specific price before expiry.

## Calls vs Puts

- Call Option: Right to BUY at strike price
- Put Option: Right to SELL at strike price

## The Greeks

Delta
How much option price moves per ₹1 move in underlying.

### Theta
Time decay - options lose value as expiry approaches.

### Vega
Sensitivity to volatility changes.

## Common Strategies

Start with buying options, then learn spreads and eventually option selling.

## Conclusion

Paper trade options until you understand them completely. They're leveraged instruments that can amplify both gains and losses.