Getting an Options Education On-Line
In the good old days, options primarily covered equitiesin other words, the underlying instrument was a stock. But the option universe has expanded immensely. Options now exist for a wide variety of underlying instruments, including options on exchange-traded funds (ETFs), numerous indexes (broad-based, sector and international), currencies and even interest rates.
Longer-term options have been introduced in the form of Long-term Equity AnticiPation Securities (LEAPS). And one of the latest wrinkles are FLEX options, which allow you to specify characteristics such as the expiration date, strike price, and exercise-style of the contract.
...To continue reading this article you must be registered with AAII.
Already registered with AAII? Login to read the rest of this article.
to read this article and receive access to future AAII.com articles.