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Old 04-23-2019, 11:11 AM   #2788
Munson Munson is offline
Roy E.
 
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Join Date: Sep 2005
Location: Olathe, KS
Casino cash: $8419646
Quote:
Originally Posted by Nightfyre View Post
Y'all suck. I am in for Boeing puts at 360. I went full r/wallstreetbets. Send me those good vibes.
I'm still trying to understand how options work, so let me ask this:

Let's say I buy 1 put contract today at $X amount of dollars, at a strike price of $360 for 4/26/19. And on that day, let's say the stock price ends up at $370.


Would I only lose the amount I invested ($X), or would I lose more than that?

Would I be forced to buy the 100 shares since my bet went the wrong way?
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