One of the best books on Options (atleast according to my reading experience0 is
Options Essential Concepts and Trading Strategies, 2nd Edition
You can download it from the link below
https://sites.google.com/site/phsknmbooks/home/books
Options Essential Concepts and Trading Strategies, 2nd Edition
You can download it from the link below
https://sites.google.com/site/phsknmbooks/home/books
Let me give you fresh example:
Current Spot Nifty at 6000, I think nifty will go below 6000
1] So i have to "BUY" PE6000 @ 60.
Afterwards same day, I "SELL" PE6000 @ 75
So my profit, 75-60 = 15Rs. (Am i understanding right?)
2] Selling call or put, without 1st buying is known as "writing" and it carries unlimited risks. (have i understood this right?)