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well greetings and salutations Series 7 test takers coming to you Friday I hope youre one of those test taking Weekend Warriors this is the series 7 Guru coming to you from my studio here in fabulous Las Vegas with an explication request so a customer sells one BFD August 25 put at one and a half again everything my channel these explications a buffet take what you like leave what you dont but what I really believe in is if you can understand things if you intellectually own something you wont have to memorize a bunch of stuff if you go down the memory Road the stuff youre going to have to memorize is going to continue to compound and if you know contract specifications in other words youre not struggling that when the customer sells that put they have an obligation to buy the stock at the strike price what Ive created here is an obligation to buy the stock at 25 and for that I got a point and a half I like to think of people who are sell or who are short or the writer of an opti