Most people will use options as a means of speculation or a means to hedge. Both of these strategies have their place; however what people tend to not use options for is to pick up stock. Using options to go long on a position is a great way to make extra money without a real risk.
How is it done? Well there are a couple of different methods, this is one. We will go over the other at a later date.
Let’s start with a company (AAPL) (this is not a recommendation – just used for demonstration)
