Sunedison Inc. (fka SUNEQ)

[OBE]

Options: You BUY-to-OPEN a POSITION (contract) and SELL-to-CLOSE

and you can take a CALL Position (betting the stock will go UP)
or take a PUT Position (betting the stock will go DOWN)

Your risk is limited to the amount you bet.

You can SELL-to-OPEN (amounts to shorting a stock)
then you must BUY-to-CLOSE (hopefully, for less than you SOLD-to-OPEN)

Your risk is unlimited!

You can make money with your long positions if you SELL-to-OPEN COVERED CALLS. Your exposure to risk is limited to the STRIKE price, you SOLD-to-OPEN the position for, if the pps goes UP and your shares are CALLED-AWAY.