The NASDAQ Options Market is a platform where traders can buy and sell options contracts on various stocks and exchange-traded funds (ETFs). Options are financial derivatives that give investors the right, but not the obligation, to buy or sell an underlying asset at a predetermined price within a specific time frame. This market allows for greater flexibility and potential profit opportunities compared to traditional stock trading. Traders use the NASDAQ Options Market to hedge against risks or speculate on price movements. The market operates under strict regulations to ensure fair trading practices and transparency. It is an essential part of the broader NASDAQ exchange, which is known for its technology-focused listings.