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bearish book value broker bullish buyer call option capital gain chart common stock company's convertible bond corporate current income decline dividend yield Dow Jones Industrial downside earnings per share equity example exercise price expiration date fluctuation fundamental analysis future gain or loss growth stock hedge holder holding period increase indicates inflation interest rates investment advisor investor IRA account Jones Industrial Average liquidation market price maturity ment money market funds months moving average municipal bonds mutual funds no-load nonrandom number of shares NYSE obligations option strategy Options Clearing Corporation payment percent percentage portfolio position potential profit purchase put option random rate of return ratio receive resistance level risk seller shareholders short sale short-term capital gain sold specific stock market striking price tax bracket tax shelter taxable transaction Treasury securities trend TRIN U.S. government underlying security underlying stock usually volatility volume York Stock Exchange