Options are purchasing the "option" to buy or sell a security if it reaches a goal price at a certain time. For example, say I want to buy (and this would never happen, it's just easier to think about when you aren't talking se...

You may wonder, what is this buzz I keep hearing about options? Options are contracts giving the purchaser the right to buy or sell a security (stocks) at a set price for a set amount of time. Options come in many types, and t...