James J. Cramer > Quotes

“Calls are super-juiced investments that allow you to control a lot of stock with much less money than you would need to buy the stock itself. Until you have to take delivery you can trade the value of the option, which goes up if the underlying goes up. There comes a time when option have to be exercised, though, and if the stock doesn't go up in the interim you lose everything. You don't buy calls to hold them. Owing to the volatility, you have to trade them, and trade them constantly. They are addictive and when you are right they can make you money with greater velocity than any other bet on earth. 21

If you have a edge, you have to be willing to bet the house on it. 31”
― James J. Cramer, Confessions of a Street Addict