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Ok Scho and RubberSpong, I'll admit it, I am lost on what you're doing. I do not know relatively anything about stock trading like you're doing. I think I don't understand all the terms and am confused by some of the numbers being thrown out. If one of you was willing, I'd take a detailed explanation and scenario, with numbers included, so I can see how this works. Would be nice to understand this whole concept even if it's an option that I will not use.
Some of my dumb questions are things such as, why did Scho put out multiple calls all at .60? What the **** does .60 even mean? Can he have set this to sell once his money doubled or does he have to check the price of the stock all day and sell once it's where he wants? What's your best chance at making even just some money instead of being greedy and risking it all?
I love all your smart bastards. Thanks for the lesson in this. Hopefully it helps other idiots like myself out.
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