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Originally Posted by Izeickl
Im not an expert on options but have read about them as I thought about doing them myself. Puts and Calls are part of options, You can buy a Put which gives you the right (but not the obligation) to sell X at the strike price specified. Buying a Call option gives you the right (but not the obligation) to buy X at the strike price specified. You can sell Options too but its unlimited risk for limited reward as you only get the premium (the purchase price of the option).
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You are of course correct and I was explaining that using very poor terminology...
What I meant to say is I had questions on options and he was then refering not to options puts and calls but purely to futures.. The unlimited risk (ok stop losses should be used) of futures is less appealing than the limited risk (no obligation to go through with it) of options..
Its new to me and I am trying to learn.. Just looking at other ways to leverage precious metls..