What The Heck Is An Option?

So I just launched this new YouTube channel, and I've already seen a few people that are confused about the very concept of "options." What exactly is an option? What does that mean?

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DISCLAIMER:
Derek Taylor and "dtoptions" is not a registered investment, legal or tax advisor. This content is for informational purposes only. You should not construe any information in this video as financial advice. You (the viewer) alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information in this video. before making any decisions based on such information or other content. Any and all financial decisions made by the viewer should be done after talking with a licensed professional.

[thundreturtle]

If I got this right, you are basically playing poker :D but the dealer just keeps dealing hands

[mrsansiverius]

Years of explaining Linux concepts really translated well. Your explanations are amazing

[donnieb]

Perfect timing. I’ve been meaning to research this subject cause I’ve always been curious about options but always found the influencers unbearable to watch for finance. Looking forward to this channel and your book.

[InterrobangInterrobang]

Your apparent talent is personally impressive to me.
Economics is a subject that i have proportionally no measurable talent or skill for. In neurological terms; Which are intuitive for me, It's like having Dyscalculia, Or some aphasia for trading.
I could look at anything relating to value-exchanges or funds generally, And it really does feel analogous to the prodrome of a migraine, And concentrating more just makes it more flummoxing.
Sometimes, (Not infrequently) It makes me feel like an abject moral failure. I try to remind myself that it's despite my efforts, But my compulsive anxiety disagrees.

[AutomationMaestro]

What applications do you use for options trading?

[yehudahecht]

Can you break down the Greeks? I've never heard a good explanation on YouTube of the Greeks themselves or their application in strategies.

[picklypt]

Great to see your new journey! Good luck!

[PuppetPlasma]

Thank you! Thats a great video. I watched the other 2 and was kinda lost. But this, explain like im 5, thats the great content.

[sascha]

thanks for the explanation. Based on the first video I thought I'd have to actually buy the 100 stocks if it goes bad. So I don't need a load of money to get started with options actually

[hantimagyar]

I begin to understand a little. Basically it is about hazard and "foresight". If I think well. If you are very clever or fortunate you win. But also the plain stock trade has risks. So, this is an other level. Personally I do not appreciate the "money works" and until now I always lost money by "saving" money. And if you look at the whole the things are much worser: the capitalist money-driven economic-soicial system is the right way to the total destruction of nature, so also of the human "civilization". The solution of Fermi paradox...

[aliencreation]

Your book is already out of stock
i was gonna buy it

[NoLoginIdea]

then you run into european-style options