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The debate over whether options trading constitutes gambling centers on the distinction between speculation and investment. Options trading involves buying and selling contracts that give traders the right (but not the obligation) to buy or sell assets at a predetermined price within a specified timeframe. Unlike pure gambling, options trading can involve sophisticated strategies, technical analysis, and risk management techniques aimed at maximizing profit and minimizing losses. However, it does carry inherent risks, and success often hinges on market knowledge and timing.