Hi I am bit new to investing in shares and have tried at few...

Hi I am bit new to investing in shares and have tried at few small caps but failed. finally found PYM and have bought few with what was left over from the washed down prospects thanks to LYC. This one looks good, but just wanted to know more about PYMO. Do i need to have PYMO if i am holding the PYM shares? I dont know anything about options and have been trying to read some material available on the net. However if you are able to guide about PYMO, i.e. what it is, I would really appreciate.