Options are a financial instrument that allows the holder of the right (the buyer) to buy or sell an underlying asset (e.g., a cryptocurrency) at or before a predetermined price (strike price) at a certain point in time. The option holder has the right, but not the obligation, to exercise his right to buy or sell the asset. Options can be of two types: call options and put options. A call option gives the right to buy the underlying asset at the strike price, while a put option gives the righ...