Can some please explain this options thing.
Saw on a thread someone had bought options at $0.15 that expire in 4 years time. The current share price is $0.26c
How does this transaction work
They buy the options at 15c...Does this mean they have to hold onto them for the next 4 years..i am lost here. Are these Put options?
Options have a code with an O at the end.
What would be the risk with this type of dealing.