# Long and Short positions

Can some please explain Long Call, Short Call, Long Put and Short Put briefly ? Is there any kind of trick or shortcut to remember these strategies? They driving me crazy.

Short = Sell

Put = Sell

Short Call = Sell the right to buy an asset

Long Put = Buy the right to sell an asset

Short Put = Sell the right to sell an asset

Is this clear enough? We can elaborate further if you reply this

The one buying is the one with LONG pockets.

You also need to know the payoff diagrams for each:

• Long call: _/
• Short call: Â¯\
• Long put: _
• Short put: /Â¯

Ascii magic!

Short = Sell

Put = Sell

â€”â€”â€”â€”â€”â€”â€”â€”â€”â€”â€”â€”â€”â€”â€”â€”â€”â€”â€”â€”â€”â€”â€”â€”â€”â€”â€”â€”â€”â€”â€”â€”â€”â€”-

Long Call = Buy the right to buy an asset (FROM SOMEONE)

Short Call = Sell the right to buy an asset (SOMEONE CAN BUY FROM YOU/ FORCE YOU TO SELL)

Long Put = Buy the right to sell an asset (TO SOMEONE)

Short Put = Sell the right to sell an asset (SOMEONE CAN SELL IT TO YOU / FORCE YOU TO BUY)

â€”â€”â€”â€”â€”â€”â€”â€”â€”â€”â€”â€”â€”â€”â€”â€”â€”â€”â€”â€”â€”â€”â€”â€”â€”â€”â€”â€”â€”â€”â€”â€”â€”â€”â€“

Is this clear enough? We can elaborate further if you reply this