Options: What are they and how to make money from them?

Options are financial contracts that give the right, but not the obligation, to buy or sell an asset at a predetermined price within a certain time frame. In the world of cryptocurrencies, options are used for hedging risks or speculation. Through call and put options, investors can profit from price changes without directly owning the assets. To make money, it's important to correctly predict market movements and choose the right time to enter a trade.