These are the benefits that options trading offers:

• They can be used for hedging your position against any market downturn without selling stocks from your portfolio.
• Options provide high leverage so you can benefit from market movement.
• Charges and taxes are minimal in options trading compared to futures and cash segments.
• You can take a big position with limited capital.
• They can also be used for generating fixed income by writing covered calls or selling cash-secured puts against your holdings
• Multiple strategies which can be used for bullish, bearish, neutral and rangebound conditions can be developed using options.