In this lesson, we need to understand the one leg strategy of options .
The first step is expectation: determine your view of an underlying asset for a period of time, whether bullish or bearish.
The second step is to select the strategy: given your expectation, you can choose a corresponding strategy. For example, you can buy call options when you foresee a big rise.
The third step is opening the position.
The fourth step is closing the position. The position opened by buying can be held to expiration or sold to complete the closing.
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