Open TradingFlowHolders and writers: rights and obligations
See who holds the right, who carries the obligation, and how trading an option differs from exercising it.
Builds on Lesson 2, Options: a paid right with a deadline. That lesson met the holder and writer of one call; this one adds puts, opening versus closing, and who actually gets assigned.
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Check yourself
Apply what you just explored to a guided case with feedback, then to a new case on your own. It's optional: moving on and your study mark don't depend on it.
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Interactive steps are optional practice. Continue whenever you are ready; moving on does not mark this lesson as studied.