Options, Black-Scholes Model, Chicago Board Options Exchange (CBOE), John C. Hull, Delta Hedging, Implied Volatility, Options Clearing Corporation (OCC), Derivatives, Covered Call, Straddle, Iron Condor, LEAPS (Long-term Equity Anticipation Securities), Vo

Options are contracts giving the right, but not the obligation, to buy or sell assets at a set price. The Black-Scholes Model is a formula to price these options, helping traders predict market behavior. The CBOE is a major options exchange. John C. Hull is a respected finance expert who has written on derivatives, financial tools derived from other assets. Delta hedging is a strategy to balance risk using options. Implied volatility indicates expected asset price fluctuations. The OCC ensures options trades are settled. Various strategies, like covered calls or straddles, help investors manage risk or leverage market movements.