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Non-Tech : Banks--- Betting on the recovery
WFC 88.38-0.7%Jan 16 9:30 AM EST
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To: tejek who wrote (25)2/22/2009 7:05:17 PM
From: Road Walker   of 1428
 
Can you explain to me in as simple language as possible how calls and puts work and how you buy them?

Actually no <g>. I think it was explained what they are, but to explain how to use them would be a 100 pages. If you are just plain buying calls or puts, think of them as trading on steroids... as you head to a deadline where they become worthless. Selling covered calls is another deal all together, and actually conservative.

I'll send a PM when I have some time.
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