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What is a put option? What is a call option? How do they differ? What does it mean for a call option to be In

What is a put option? What is a call option? How do they differ? What does it mean for a call option to be In or Out of the Money? What does it mean for a put option to be In or Out of the Money? Look in WSJ or online and and find a current quote for a stock option. Write that down in this post and then explain what it means.

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