I hope this book has given you some understanding of the world of options. Once again, I must stress that options aren’t for all investors. Options are sophisticated trading tools that can be risky if you don’t educate yourself, as you have done by reading this book, before using them.
A brief summary of what we have covered in this book is as follows:
• An option is a contract giving the buyer the right but not the obligation to buy or sell an underlying asset at a specific price on or before a specific date.
• Options are called derivatives because they derive their value from an underlying asset.
• A call gives the holder the right to buy an asset at a certain price on or before a specific date.
• A put gives the holder ...
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