Hi everyone!
I'm a young Canadian humanities student trying to get started with investing the money I've been saving over the past few months. I've read through the entirety of MMM's articles and have been a lurker on the forums for a few months now, and though I'm naturally a pretty frugal person the investment side of things really doesn't come easy to me.
After exploring a few different possibilities, I've decided to open a TFSA with TD and invest in e-series index funds. I've started the online application, but now it's asking me whether I want my account to have the feature "option trading", which I wasn't really anticipating and don't know much about. From a quick google of the term, it looks like a feature I don't really need since I don't plan on doing any active trading, but I wanted to check here first.
I'd really appreciate if someone could give me a simple, not-too-technical explanation of how options work and advice on whether this feature could be of use in my TFSA. Thanks!