Option -

💡 To learn more about advanced strategies like spreads and iron condors, check out the comprehensive Options Educational Center on Charles Schwab or review basic contract definitions on the Put Options Wikipedia Page .

: The deadline by which you must exercise your right, or the contract becomes worthless. ⚠️ The Golden Rule of Risk option

: The right to sell an asset. You buy a put if you expect the price to go down. 🔑 Essential Vocabulary 💡 To learn more about advanced strategies like