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101Option Trading Secrets Section 4

Section 4 Option Writing. The option markets provide that rare opportunity for the individual investor to be the bank, casino or legal bookie. In other words, you have the opportunity to take the bet rather than make the bet. Taking the bet refers to option writing—the direct opposite of option buying. | Section 4 Oi ti i ĩn Wi i tm THE OPTION WRITER TAKES THE BET INSTEAD OF MAKING THE BET Secret BET EAD OF N MAKING THE BET The option markets provide that rare opportunity for the individual investor to be the bank casino or legal bookie. In other words you have the opportunity to take the bet rather than make the bet. Taking the bet refers to option writing the direct opposite of option buying. The option writer is the one who takes and guarantees to pay off on the bet made by the option buyer. When you go to the sports book in a casino in Nevada the job title of the person who takes your bet on a football or basketball game is called a sports writer. The person who takes your bets when you play Keno in a casino is called a Keno .