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A call (up) option means that you think that the price of the chosen of the asset will rise above the current price within a specified period of time. A put (down) option means that the price of the chosen underlying asset will fall below the strike price within a specified period of time.

For example, you can choose the asset in which you decide to invest to expire in 15 minutes, 30 minutes, one hour, intraday, weekly, biweekly, or even monthly.