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“PUTS”- is an Option ( trading method on margin of using very little money a lot of leverage 10:1- and being subject to enormous returns when you win- or some losses if the market turns against you -subjecting you to “ margin calls for adding money to your account- “calls’ are betting the market goes up- “puts” is betting it goes down

party ( a) buys puts on GDZ mtrs offered at 100.00 he puts ann order in to Sell one share @ 100.00 - the market goes down to 80.00 - he closes his position by buying

back the shares at 80.00 - he made 20 dollars on one share and only only outlayed

10 dollars- I hope that made it easy- ( No i didn’t write “options for dummies”

Ciao. Milt

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