You type PUT OPTION and CALL OPTION in google and you find the definition.
I am not an expert but some posters in this forum claimed that they are an expert in option, Mr Leverage. It is similar to if someone says that negative gearing in investment property is good. They do not realise that negative gearing is only good when the property price is projected to keep going up. If the property price is going down, the negative gearing will gradually eat up their equity and saving or cash flow.
Exercise options, page-89
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