Notes on Calls and Puts

What I have done: Bought Calls and sold Calls for IBM.

What I want to do next: Buy the stock I have a Call for.

After That… Do buy and sell good Put Options…

Calls: A Call Option gives the buyer the right, but not the obligation to buy the underlying security at the exercise price, at or within a specified time. 

Puts: A Put Option gives the buyer the right, but not the obligation to sell the underlying security at the exercise price, at or within a specified time.

What I googled: https://www.google.com/search?q=calls+vs+puts

What I picked to read: https://www.commsec.com.au/support/frequently-asked-questions/1405.html

Author: Patrick McGuire

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