Explain in layman's terms what does options trading mean.
Hey there, I'm happy to help you out! I'll explain options trading in simple terms.

Options trading is a type of investment strategy where you buy or sell the right to buy or sell a specific asset, like stocks or commodities, at a certain price by a certain date. This is different from buying or selling the asset itself, which is called trading stocks.

Think of it like a ticket to a concert. When you buy a ticket, you have the right to attend the concert at a certain time and place, but you don't have to go if you don't want to. Similarly, when you buy an options contract, you have the right to buy or sell an asset at a certain price, but you don't have to if you don't want to.

Options can be used to make bets on whether an asset's price will go up or down, or to protect against potential losses in a portfolio. However, options trading can be risky, as the price of the asset can move quickly and unpredictably, and options contracts can expire worthless if the asset's price doesn't move in the expected direction.

I hope that helps! Let me know if you have any other questions, friend!