Chargement
An option is a contract that gives you the right (long) or obligation (short) to buy or sell a security at a fixed price, before a date. Interactive payoff diagrams for the 6 basic strategies.
Buy a call — bullish bet with loss limited to the premium.
Buy a put — bearish bet or hedge on a long position.
Sell a put — collect the premium if the stock rises or stays flat.
Sell a call without owning the stock — theoretically unlimited loss.
Sell a call against shares you hold — income on an existing portfolio.
Sell a put with cash as collateral — buy at a price you like + premium.
More complex but essential for the serious trader. Available with Polaris Trader (Q3 2026) — including live options chains and multi-leg strategy modeling. You then execute with your broker.
Learn more about Polaris Trader →Options are high-risk derivative products. Polaris provides educational content only, not registered investment advice (AMF). Before trading options, your broker must assign you an authorization level appropriate to your risk profile.