What are option holders and writers?
What are option holders and writers?
Please stay with us for more on options basics!By Bayo
作者：巴约
We are hoping this to be an easy and simple lesson to introduce options to you. By following Options Basics' articles, you should be able to understand options and how to utilize options to either profit or protect your stock.
我们希望这是一节简单易学的课程，可以向您介绍各种选项。通过阅读期权基础知识的文章，你应该能够理解期权，以及如何利用期权获利或保护你的股票。
Welcome to the world of options, and firstly you need to know both parties of options trading.
欢迎来到期权的世界，首先你需要了解期权交易的双方。
Option holder
期权持有者
The option holder also called the buyer, is the party who has a long position in the option and owns the right inherent in the contract.
期权持有者也被称为买方，是当事人。谁在期权中持有多头头寸，并拥有合同中固有的权利。
However, the right doesn't last forever, as at some point the option will expire. At expiration, the owner may exercise the right or, if the option has no value to the holder, let it expire without exercising it.
然而，这一权利不会永远存在，因为在某个时候，选择权将会到期。期满时，所有人可以行使权利，或者，如果期权对持有人没有价值，就让它到期而不行使它。
Owning an option represents strictly the right either to buy the stock or to sell it, depending on whether it's a call or a put. It means you can not own some of the shareholder ownership rights, such as receiving dividends and having voting rights.
拥有期权严格地代表着买入或卖出股票的权利，这取决于它是看涨还是看跌。这意味着你不能拥有一些股东所有权，比如获得股息和投票权。
Option writer
期权写入者
The option writer also called the seller, is the party who has a short position and incurs an obligation to potentially either buy or sell the stock.
期权持有人也被称为卖方，是当事人。持有空头头寸，并有可能买入或卖出股票的义务。
When a trader who is long an option exercises, a trader with a short position needs to fulfill its obligation that was established when the contract was sold.
当做多期权的交易员行使期权时，持有空头头寸的交易员需要履行在卖出合约时确立的义务。
Shorting an option is fundamentally different from shorting a stock. Shorting a stock must establishing a short position while in an option does not require borrowing.
做空期权与做空股票有着根本的不同。做空一只股票必须建立空头头寸，而在期权中不需要借款。
Please stay with us for more on options basics!
请继续关注我们，了解更多选项基础知识！
If there is anything that you didn't understand in today's Options Basics article, simply leave a comment below and we will try to explain more to you!
如果你在今天的期权基础文章中有什么不明白的地方，只需在下面留言，我们会尽力为你解释更多！