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Option trading is a way for savvy investors to leverage assets and control some of the risks associated with playing the market.With options, it's possible to profit whether stocks or going up, down, or sideways.
Ask: The price a seller is willing to accept for the option.
Last: The price that was paid or received the last time the option was traded.
Bid: The price a buyer is willing to pay for the option.
Contract name: Just like stocks have ticker symbols, options contracts have option symbols with letters and numbers that correspond to the details in a contract.
In a real option chain, the company’s ticker symbol would come before the contract name.
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