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Booyah Breakdown: Know Your Options, Part 2
Editor's note: Welcome to "Booyah Breakdown," an explanation of terms and topics Jim Cramer discusses on his "Mad Money" TV show. Feel free to ask a question if you're confused about something Cramer talks about, but please keep in mind that we do not provide advice on specific stocks.
A few weeks ago, we deciphered the lingo of options traders. So now that you know the code words, let's get in the trading pit and use them.
Remember, we said options are like insurance. The difference here is that your option insurance can actually make you Mad Money. ...
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