Yes, it's The Only Anniversary That Matters, 30 years today from the original release of London Calling. I think "Know Your Rights" was on Combat Rock, but too lazy to Wiki it up.
Anyway, I'm in this biz for almost 22 years now, but I still learn from Mark Wolfinger's great Options for Rookies site.
For a little refresher course, check out this post on the obligations and rights of options traders.
As I reply to questions or visit investment forums, I repeatedly encounter option beginners who are surprised by what they discover after making option trades.
That's equivalent to paying money to enter a tournament, knowing the competition is out to take your money, and not bothering to learn the rules before getting started.
Yet it happens all the time. Today's blog post is devoted to investors who are about to become option traders. It's also dedicated to those who have already started, without being prepared.
In an attempt to eliminate some of the many surprises that can occur when you don't know the ground rules, this discussion covers the rights and obligations of option traders.
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