### Comment:
I can’t think of the right example in horse talk. But the kid sold Calls, meaning he is giving the right to someone else to buy the stock at a certain price. And the stock the option was on was Apple and they crushed earnings so the stock price shot up. So he gave someone to right to buy Apple at say $225 but the market price was around $232. So he lost a ton of money because he guessed wrong

### REPLY:
This makes it all make sense now.

### END.