What is the difference between options trading and stocks trading?

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In Options trading, you buy a contract which gives you the right but not the obligation to buy the underlying at a specified price within a specified period. In stocks trading, you buy stocks that give you partial ownership in a company.

 Options Trading Vs Stocks Trading

Options Trading

Stocks Trading

You pay the premium which is a fraction of the cost of the underlying.

You pay the actual price of the stocks.

You can profit from a downward, upward and a sideways movement of the underlying.

You profit from upward movement of the underlying, except in case of intraday trading.

Risk can be managed.

The risk is unlimited.

It has a definite time period.

You can hold it as long as you wish.

Involves no delivery and cash settled.

Involves delivery of the stocks.

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What is the difference between options trading and stocks trading?