Cover13; -- How Option Contracts Work -- Option Attributes to Determine Value -- Intrinsic and Time Value Premium -- Long-Term Options and Their Advantages -- Strike Price of Options -- The Time Advantage for Short Sellers -- Long and Short -- Taking Profits Without Selling Stock -- Buyer and Seller Positions Compared -- Understanding Short Seller Risks -- Calls and Call Strategies -- Is the Strategy Appropriate? -- Option Terms and Their Meaning -- The Cost of Trading -- In, At, or Out of the Money