Just look at the payoff graphs. This is how options are explained and tested in finance classes and they are usually more accessible than textual descriptions.

Just look at the payoff graphs. This is how options are explained and tested in finance classes and they are usually more accessible than textual descriptions. http://i.investopedia.com/inv/articles/site/short_vs_put.gif http://i.investopedia.com/inv/articles/site/short_vs_put.gif This link is simple and doesn't point out strike price or take transaction fees into account but you can draw similar graphs that do.