We start out today with with a quick review of the conversation from yesterday about call contracts. This exchange offers a perfect segue into today's key topic: the "put" contract. Anthony's learning begins by seeing that we still have two sides to the contract: the long side and the short side. From there, he recognizes the same standard variables (UL, strike, expiration, and quantity) he saw yesterday.
However, the essence of the put contract is that it allows the long side to SELL shares at the strike price to the short side of the contract. This apparent oxymoron stirs up quite the discourse between the guys.
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