Options Basics

Options are NOT for everybody. But before deciding whether they’re right for us or not, it’s a good idea to learn the fundamentals: 1) What is an option? 2) What are the different kinds of options — calls and puts, American and European options, etc.? 3) What are the pros and cons when we buy options, and when we sell them? 4) What are some common mistakes that can blow us up, and how do we avoid them? 5) How do investors commonly use options — to protect portfolios from big drawdowns, to generate income, to bet on specific events, etc.? And, 6) How are options treated for tax purposes? In this episode, we’ll cover these basics. In short, I want to make this “the episode I wish I had” when I first started dabbling in options. Download the Callin app for iOS and Android to listen to this podcast live, call in, and more! Also available at callin.com