Section 11 Tutorial
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What is the option game? It’s an investment strategy that involves
paying for the right to buy or sell stock or futures at a particular
price over a given time, or selling the right to someone
else to buy or sell stock or futures for a particular price over a
given time. Simple? Actually, yes.
However, there is a bit of pretending going on. Most of the
investors only pretend to want to buy or sell the stock they control.
What they are really doing in this game is betting a particular
stock or futures price will go up or go down.
That bet is called an option, and the casino palaces are options
exchanges, the first constructed in the early 1970’s. You
can play the part of the tourist or the casino owner. Want to play?
Before you can learn the tricks of the trade, you have to
know the game, and that is what this section is all about, teaching
you the basics of option trading. (The good stuff comes later.)
Let’s begin.
Throughout the tutorial, we will use stocks to explain option
trading, but keep in mind that what applies to stock and stock
options applies to futures and futures options.
What is the option game? It’s an investment strategy that involves
paying for the right to buy or sell stock or futures at a particular
price over a given time, or selling the right to someone
else to buy or sell stock or futures for a particular price over a
given time. Simple? Actually, yes.
However, there is a bit of pretending going on. Most of the
investors only pretend to want to buy or sell the stock they control.
What they are really doing in this game is betting a particular
stock or futures price will go up or go down.
That bet is called an option, and the casino palaces are options
exchanges, the first constructed in the early 1970’s. You
can play the part of the tourist or the casino owner. Want to play?
Before you can learn the tricks of the trade, you have to
know the game, and that is what this section is all about, teaching
you the basics of option trading. (The good stuff comes later.)
Let’s begin.
Throughout the tutorial, we will use stocks to explain option
trading, but keep in mind that what applies to stock and stock
options applies to futures and futures options.