Primary Market

A term referring to the segment of the capital markets where new securities are issued, like an initial public offering (IPO). Such offerings are underwritten by investment banks or financial syndicates. Once the initial offering is completed, trading is henceforth conducted on a secondary market (i.e exchange). For securities that trade on multiple exchanges, “primary market” may also be used to describe the exchange where trading volume in the security is the highest.

This is a definition, not a recommendation. Options carry risk and can expire worthless. See how the desk actually trades at TrueTrader.