ing owner to sell at strike price. • ?.Purchasing Options k'°-IWSIN-01Baluft&Tis. Entire premien) is at risk. Profit or /033 usually delerm.ned by SelIng POSition. If position is rot closed or exercised expiration date. options woe expire worthless. 0 3 Option Spreads — Margin account required. Involves Solv