PE> The one call example will show it from the buyer and seller's
PE> point of view, no?  You can't have a buyer without a seller,
PE> after all.

FM> That's true, but your examples were to illustrate in what circumstances
FM> you would use each one (I thought). And that will be different for the
FM> buyer and the seller.

My examples were an illustration of my ignorance more than anything.

FM> Even the basics are different - eg BUYING a CALL gives you the right but
FM> not the obligation to buy shares at the exercise price. SELLING the same
FM> CALL gives you the obligation (at the buyer's whim) but not the right to
FM> sell shares at that price.

True.  Maybe 4 examples would be best after all.  BFN.  Paul.
@EOT:

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