The Options Market is a financial marketplace where traders buy and sell options contracts. These contracts give the buyer the right, but not the obligation, to purchase or sell an underlying asset, such as stocks, at a predetermined price within a specific time frame. This allows investors to hedge against risks or speculate on price movements. Options are categorized into two types: call options, which allow the purchase of an asset, and put options, which allow the sale of an asset. The Options Market plays a crucial role in providing liquidity and enabling price discovery for various underlying assets.