and here is a poignant example of how Aussies don’t know what...

and here is a poignant example of how Aussies don’t know what options are. It’s literally in the words I’m using.

look up the terms ‘cash secured puts’ and ‘covered calls’ and maybe you’ll learn something.

If I’m writing a ‘covered call’ for $7.25 that expires next month it means that whoever buys that call from me has the right to buy the shares I already own of WHC for $7.25 off me if they choose to exercise it. If the share price is below $7.25 they will not exercise it and it will expire worthless and I am $10k+ richer for it depending on how many options I write