Stock options are almost like unicorns - these days anyway. Tech companies used to use them all the time to buy talent for the promise of possible wealth.
Basically the idea is that a company gives you the right to buy shares of their stock at a pre-determined price sometime in the future. If the actual shares in real life are selling for more than that, you can still buy at the lower price and immediately sell them for the profit. Or you can double-down and keep going.
They've all but gone away since the tech crash of 2001, but some still exist and might be a good deal after some analysis.
Disclaimer: I'm not an attorney or a CPA, and you might need one. What I do is help people with their eventual non-working future.
Schedule a free 15-minute call here: http://bit.ly/omgcalendar. Pick the top link “FREE Discovery Call”.
Also Get Everything Ever Financial Explained For Free In The Free 5-Day EMail Course: http://bit.ly/omgstores
I specialize in financial education and collaboration and I'm a reformed broker who can help you make it happen without the high cost.
And I give customers the same professional tools that are usually limited to the yacht-owner crowd.
Happy to help more if you'd like to know more - I made my company so that everyone could have quality advice, not just those who already have a pile of money.
WalletHub Answers is a free service that helps consumers access financial information. Information on WalletHub Answers is provided “as is” and should not be considered financial, legal or investment advice. WalletHub is not a financial advisor, law firm, “lawyer referral service,” or a substitute for a financial advisor, attorney, or law firm. You may want to hire a professional before making any decision. WalletHub does not endorse any particular contributors and cannot guarantee the quality or reliability of any information posted. The helpfulness of a financial advisor's answer is not indicative of future advisor performance.
WalletHub members have a wealth of knowledge to share, and we encourage everyone to do so while respecting our content guidelines
. Please keep in mind that editorial and user-generated content on this page is not reviewed or otherwise endorsed by any financial institution. In addition, it is not a financial institution’s responsibility to ensure all posts and questions are answered.