Here are the brokers now offering free trading on options and what to know.

When it comes to speculation or hedging, options are capital-efficient tools that provide leveraged exposure in the markets, allowing traders to capitalize on their market opinions at a low cost ...

Learn about options trading, how it works and five basic option strategies.

Step 4: Choose the Put Option Within the options chain, find the put option you want to use for the debit spread. This will be your "long" put option.