Options are contracts that let you buy or sell shares at a certain price up until a certain date in the future where they expire. These contracts slowly lose va

Options are contracts that let you buy or sell shares at a certain price up until a certain date in the future where they expire. These contracts slowly lose value up to that date (outside of moves in stock price that make the contract worth more or less in the meantime). Some people sell these contracts on the probability that they will expire worthless and they keep all the money that someone else paid for them.