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To: Dan3 who wrote (235720)	7/5/2007 3:10:28 PM
From: rzborusa	Read Replies (1) \| Respond to of 275872

OT OPTIONS I have noticed some folks having problems understanding options. I had problems too. It seemed I was trying to hard. There are two types, CALLS and PUTS CALL, just like calling your dog, visualization PUT, Put it to em, use your own visualization The owner (purchaser) has the RIGHT The seller is OBLIGATED *End of Options 101* The TERMS of an option involve Strike Price and Expiration Date, are speculative and bound by time. Cover and Naked are referring to the UNDERLYING ISSUE (stock) and if you Do or Don't have it, that is, in the case of Calls. (Puts are the inverse eg: shortness of underlying equals coverage.) Short, Long correspond to Seller, Buyer It is easier to "sort through" the language, than try to remember a particular set. Its all really simple, only sounds complicated when bizarre scenario or terminology concatenated.