Replies to post #38 on Fundamental truths and haiku

[loanranger]

I wish I could help, but it's something I never bothered to learn.

Keeping that in mind and in case logic and common sense apply in that marketplace:
You're paying $50 for the opportunity to buy 1000 shares for $7 (Obviously its cheapness reflects the likelihood of the price getting that far in the time allowed). If it never gets above $7 your investment goes to zero on 4/11. As I understand it, even if the price goes over $7 you wouldn't be OBLIGATED to exercise the option and buy the shares. So it wouldn't make sense to me that you would need to maintain funds in the account JUST IN CASE.

I have a buddy that manages an options account for a very wealthy guy. Every time he tries to teach me this stuff my eyes roll up into the back of my head.

Sorry......and GL.