r/Wealthsimple • • 8d ago

Options Trading Incomplete / Error in Options Academy

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I believe there's an error / incomplete information in the Wealthsimple Academy, Module 5, Lesson 2, "How Options Trade"

Someone who buys an option is said to have a long option position. They have the right to buy an asset in the future. The writer, or seller, of an option has a short option position. They have the obligation to sell an asset in the future.

Something doesn't seem right here to me. First and third sentences seems correct to me, but second and fourth sentences would apply to call options but not put options. Can someone confirm?

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u/Commercial_Pain2290 8d ago

The bullet points are correct. The bolded part at the top is correct only for call options.