I understand what you are saying here from running my own test accounts in the past. The only thing that scares me with options and why I haven't really tried to pursue them is because If the trade goes against you, then you get stuck having to buy 100 shares of company XYZ or do u have the choice of actually canceling your contract with a minimal loss and avoid getting stuck with the shares? That's the only part I haven't been able to really understand and quite frankly has kept me from getting involved in options. I've heard you say that you get out if it goes against you and bet the other way but if you get out are you obligated to buy those 100 shares or do you just take a loss? Can you clarify that piece of it in regards to the risk of a bet going against you?
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