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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AFM Exams › J13Q3(c)
What is a long call option?
Also what does it mean by going short and going long in futures market?
Going long means you are buying something (whether it be shares, futures, options etc.) in the expectation of the price rising and therefore being able to sell later at a profit.
Going short means you are selling something because you think the price will fall and therefore you will be able to buy back later and make a profit.
