Assumption of growth of the S&P 500 index – CALL option.
Assumption of a fall in the S&P 500 index – PUT option.
1. Select a strike
This is the price at which one can buy (for a Call option) or sell (for a Put option) the underlying asset on the expiration date.
2. Select an expiration date
This is the option contract termination date. The further away the expiration date, the higher the premium price you pay for the right to buy or sell the underlying asset at the Strike price.
NANOS options expire automatically. If your option is profitable, you will receive money into your account. If not, your risk is limited to the option premium. You can sell an option without waiting for the expiration date.