I've been doing a lot of studying, most of the basics and stuff I have done, and am much more familiar with than when I first started. I have a question though. I myself don't have the desire to actually purchase any stock (covered), although I do want to trade options in the future (nakedly), I guess. This means that I can only buy Calls and Puts, without the option of selling them unless I decide to buy, sell stock.... (in case they are exercised) correct??? or? I was enlightened an hour or so ago, I completely thought otherwise before.
The owner of a long option has the right to exercise and buy or sell the stock. So you will never have to be involved with the stock if you choose not to. It's the seller of the option who has to buy (or sell) the stock if assigned.