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Erase wrong answers completely. A buffalo never forgets...and the Scantron machine won't, either.

Options: Good, Bad, Ugly

Options: Good, Bad, Ugly

“Good answer, but I lie. Have more question for you. What is option? Now we talk about derivative securities. Stomach wait, I do mind control.”

“Uh, ok. Basically, an option is a contract giving the holder the right to buy (call) or sell (put) the underlying security at an agreed-upon price (the strike price). The holder has this right up until the expiration of the contract (exercise date).”

“The person selling the contract is called the option writer, and the person buying the contr...

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