Trader J's Inner Circle Message Board

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Strategies & Market Trends : Trader J's Inner Circle

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Dec 18 3:59 PM EST

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To: Jon K. who wrote (10586)	3/4/1999 5:52:00 PM
From: Canuck Dave	Read Replies (1) of 56535

Is there a site which explains options? They seem very exotic, these "covered puts" and such. I have seen horror stories posted on SI of people who lost have lots of money trading them. A "put" gives you the right to sell a stock at a certain price on a certain date and a call is the opposite? Who makes sure the person who sold the put or call will fulfill their part of the bargain? I can lose money just as fast just trading equities. CD

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