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by kristopolous
439 days ago
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they have terrible names. I can never remember. A put option I think gives me the right to sell you a stock at a price. So say, ACME is trading at 110. I can buy the right to sell you ACME at 100. You say ok because it's at 110. But then ACME crashes to 50. I buy it at 50 and you are on the hook to buy it from me at 100. |
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