A) An option is a contract where the investor is allowed to buy or sell the underlying asset at a pre-decided strike price at a given maturity period. The options market enables you to trade security-based contracts by buying and selling the options. Options trading is on the rise amongst both small pocket traders and established trading companies. It has several benefits including lesser investments than trading for actual shares of any company and generating high returns. Trading through options also limits the risk to your total investments as well as can be carried out in all kinds of markets. There are about 20 million active traders in India in the year 2020. In the lockdown due to COVID 19 situation, there was a 20% increase in first-time traders. Trading has become a lucrative field for everyone who wants to earn great money with control over investment and Options trading is a niche market that results in multifold gains.