Entries by Kirt Christensen

Options Explained, in Kid Language

A Call Option is: Ted is visiting Jimmy and notices a nice baseball card. Ted: “That’s a nice baseball card! What is it worth?” Jimmy: “About $10 right now!” Ted: “Dude, I bet it’s gonna be worth $20 by the end of the year!” Jimmy: “Really? I don’t think so. Wanna buy it from me?” […]