Replies to post #526 on SmurfVA's Random Picks

[SmurfVA]

RE: OT: Options Questions about Puts

Did anyone here get back on this? I have no clue about Calls & Puts (Playing Options kinda scary/risky IMO)

Did you check on http://www.investopedia.com/terms/p/putoption.asp?
Or http://www.forbes.com/2006/08/23/investools-options-ge-in_wh_0823investools_inl.html

[Ned Serious]

OPTIONS - FYI It was as I thought...

UP
If you think the stock will go up, then you "buy to open" a CALL and then when you want to sell it, "sell to close" the CALL.

DOWN
It is exactly the same terminology when you want to buy a PUT, even though you are wishing for the stock to go down. You still will use "buy to open" and "sell to close" the PUT.

Those are the most basic types of options. So, I'll stick with those for now.