{"version":"1.0","type":"card","id":"39da5859-c8e9-4eed-984c-d38abd7d74bf","url":"https://stacklist.com/card/39da5859-c8e9-4eed-984c-d38abd7d74bf","title":"What Is an Option? The Plain-Language Definition","source_url":"https://investmentcurrent.com/options-trading-glossary/#O","note":"An option is a contract giving the buyer the right — but not the obligation — to buy or sell a stock at a set price before a specific date. Most beginners overcomplicate the concept before they've even placed their first trade; the core mechanic is simpler than it sounds. Getting this definition right early prevents a lot of the costly confusion that trips up new options traders.\n","image":{"url":"https://ucarecdn.com/91bdf094-8613-43de-89f0-05b802c544e3/","alt":"What Is an Option? The Plain-Language Definition","width":540,"height":487},"stack":{"id":"052375be-d16e-4ba2-bf89-29ac1a528507","title":"From Zero to Trader: Options Basics","url":"https://stacklist.com/stack/052375be-d16e-4ba2-bf89-29ac1a528507"},"created_at":"2026-06-02T10:49:52.165Z","updated_at":null,"aco":{"summary":"Options Trading Glossary provides comprehensive definitions of key terms and concepts used in options trading, including basic definitions like ask price and asset, as well as complex trading strategies such as bearish spreads, bullish spreads, and butterfly spreads. The glossary covers market mechanics, pricing concepts, and various options strategies to help traders understand the terminology essential for options market participation.","tags":["options-trading","glossary","financial-terms","trading-strategies","derivatives","market-terminology"],"key_entities":[{"name":"Options Clearing Corporation (OCC)","type":"organization","confidence":0.95},{"name":"call option","type":"concept","confidence":0.98},{"name":"put option","type":"concept","confidence":0.98},{"name":"strike price","type":"concept","confidence":0.97},{"name":"at-the-money","type":"concept","confidence":0.96},{"name":"butterfly spread","type":"concept","confidence":0.95},{"name":"bid-ask spread","type":"concept","confidence":0.96},{"name":"Average True Range (ATR)","type":"concept","confidence":0.94}],"classification":"reference","language":"en","confidence":0.85,"provenance":{"model":"claude-haiku-4-5","tool":"@stacklist/be@0.1.0","confidence":0.85,"timestamp":"2026-06-02T10:50:05.926Z"},"token_counts":{"approximate":11073,"cl100k":8886},"content_hash":"sha256:e84261b8f4e6488c7fad42769ccac4c6ba0164b1952bf2781aa2ed0137ec9201","acp_version":"0.2","body_available":true,"body_tokens":11073,"visibility":"public","agent_accessible":true,"status":"final"},"_links":{"self":"/api/public/card/39da5859-c8e9-4eed-984c-d38abd7d74bf.json","html":"https://stacklist.com/card/39da5859-c8e9-4eed-984c-d38abd7d74bf","md":"/api/public/card/39da5859-c8e9-4eed-984c-d38abd7d74bf.md","stack_json":"/api/public/stack/052375be-d16e-4ba2-bf89-29ac1a528507.json"}}