What are Options? They are a contract that is sold to one trader, the option writer to another trader, the option holder. The contract gives the buyer the right but not the obligation to buy sell the security on the agreed price; the strike price. All contracts (options) will expire on a certain date.
Calls - gives the right to buy.
Puts - gives the right to sell.
U.S. Stock Market Plunge Puts Market Fate in ADP Report
U.S. equity markets plunged sharply lower on Tuesday as investors liquidated stocks from the get go, triggered by negative sentiment out of Asia and Europe. Besides the outlook for a weaker U.S. economy, global investors reacted to reports that growth in China was slowing. The Leading Economic Index for China rose 0.3% in April. This was less than the 1.7% reported June 15th.