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From the Author:
The Long and Short of It
The financial markets are filled with colorful terminology. And one of the biggest obstacles that new option investors face is interpreting the jargon. Two common terms used by brokers and traders are “long” and “short,” and it is important to understand these terms as applied to options.
If “long” means you bought it then “short” means you sold it, right? Not quite. Some people will tell you that “short” just means you sold an asset, but that is an incomplete definition.
All the complexity of Options are explained in details in.....
Fred McAllen
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" Lose your Shirt with Options - or NOT"
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