12/6/2023 0 Comments Robinhood app options trading![]() In exchange for this right (known as the ability to “exercise” the option) you pay an upfront cost (the “premium”). Buying a call option (aka a “long call”) means opening a contract that gives you the right, but not the obligation, to buy shares of a stock at a certain price (the “strike price”) up until a set date (“expiration date”).
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