OT : Options Questions about Puts
I've bought and sold Calls before with no problem, and am looking to start doing some Puts now.
For Calls : If I think a stock will go up, I "buy to open" for the call, and then "sell to close" when I want to sell the option. I've never held to actually buy the security, have always sold before expiration.
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For Puts : Am I correct that if I think a stock will go down, then its still the same terminology? I also "Buy to open" and then "Sell to close" when I want to sell the option?
Am looking into buying some Puts on the IBB as its gone crazy. Kinda like hedging some of the bios that I have. Also maybe buying some Calls on TZA, etc.
Thoughts? Thanks.
These thoughts are just mine, not right, not wrong, just thoughts. Invest in what you believe in, not what I believe in. Do your research, and invest in the facts.
