@Tiger_Academy:In the last article, we learned the basic concept and purpose of options.Next, what elements does an option contract contain?The first elementis the underlying asset. As we already know, an option is a contract. The underlying asset is the asset the contract is based on.If you buy individual stock options of Tesla or Apple, the stocks of Tesla and Apple are the underlying assets of the options.The trend of options is closely related to the performance of the underlying stocks. In addition to stocks, underlying assets can also include indexes, ETFs, futures, etc.The second element isthe option type, call or put, which was discussed in the last article.The third element is the expiration date, which is also one of the biggest differences between stocks and options. You can hold onto stocks f