Speculation helps a trader to take a position in the market
where they anticipate whether the price of the asset or security
will increase or decrease.
Call options are those options that help the option holder to
buy an asset whereas put options refer to options that help an
option holder to sell an asset by taking a position in the
market.
Options give the holder a right but not an obligation to sell
or buy the asset at a certain price in the future, actual selling
and buying doesn't take place in options.
Options are used for speculation as well as hedging purposes in
the stock market.
Traders use options to speculate on stocks, whether their price
will increase or decrease in the market.