From: "igxwgeekbstq@yahoo.com" 
Newsgroups: misc.invest.real-estate
Subject: Techniques And Secrets You Need To Know To Become An Expert Options Trader
Date: 1 Nov 2007 06:36:24 -0700
   posting-account=ps2QrAMAAAA6_jCuRt2JEIpn5Otqf_w0
Bytes: 1905

An option is a contract giving the buyer the right, but not the
obligation, to buy or sell an underlying asset at a specific price on
or before a certain date. An option, just like a stock or bond, is a
security. It is also a binding contract with strictly defined terms
and properties.
The contract itself is very precise. It establishes a specific price,
called the strike price, at which the contract may be exercised, or
acted on. And it has an expiration date. When an option expires, it no
longer has value and no longer exists.
Options come in two varieties, calls and puts, and you can buy or sell
either type. You make those choices - whether to buy or sell and
whether to choose a call or a put - based on what you want to achieve
as an options investor.
http://ostraderyn.blogspot.com/#