easy option terminology
In the stock market, you can
* short a call(1) meaning : be forced(5) to sell tomorrow(2), if price goes up (3)
* short a put meaning : be forced to buy tomorrow, if price goes down
similarly, you can
* long a call(4) meaning : be forced to buy tomorrow, if price goes up
* long a put meaning : be forced to buy tomorrow, if price goes down
like the basic prole you are
Footnotes
1 - sell a Call option as opposed to 4
2 - not really tomorrow , but on option expiry date, which is the last <some>day of the month
3 - beyond the strike price in the unprofitable direction, here up
4 - buy a Call option
5 - in Indian stock markets, options in the money are not optional, and are settled delivery based. Yes
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