I'm new to investing, and have always heard my friends talk about how options, specifically buying calls/puts is the way to go for some big cash. I understand the very very basics of calls and puts; you buy a call if you think a stock will rise, you buy a put if you think it will decline. This morning, I bought an AAPL $177.5/$180 call debit spread for $54 as it was the cheapest call I could afford to buy. However, upon telling my friends of this decision they told me that I should be careful because it may result in me needing to buy 100 shares of Apple at $180, and that I could find myself in some serious debt. As someone who cannot casually afford to purchase 100 shares of Apple so easily, I am now a bit nervous and wondering if I should be worried/what I should do. Would someone mind running me through some possible scenarios/best possible outcomes and advise me on how to proceed? Thanks.
Submitted February 05, 2019 at 10:57AM by bostero96 http://bit.ly/2MS02b8
