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If the broker asked you what kind of option you wanted to buy I'm assuming you didn't specify whether you wanted a call option (option to buy the underlying stock at a certain price) or a put option (option to sell the underlying stock at a certain price).

As well, you'll need to specify which month contract you want. For example, you might want to buy the December 44 call for National Oilwell Varco, Inc. which is the right to buy 100 shares of National Oilwell Varco common stock for $44.00 a share, and the option expires on the Saturday that follows the third Friday of the month of December, or December 19.

The actual mechanics of how to navigate the option trading interface will vary broker to broker.

Mike
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