/biz/ - Business & Finance

i'm getting ready to get into options trading as a new trader having only bought and sold stocks directly at market price, deliberately as a first step tip toeing into the business.
my next tip toe is only buying and selling call options, and so i wanted to check if i'm understanding this correctly.
so pic related (just as an example, i'm not actually going to do this) will open a call option on 100 shares of Ford that i can sell to close once it passes $9/share, and this contract will expire on sep 18th 2020.
so say it's july and it's $9.15/sh.
to make the return, i would sell to close 1 contract at market price.
is all this accurate?

and fast fowarding down the line, when i feel ready to play put options, to place a put option on F I would basically do the same as above except sell to open the put option, and buy to close once it had reached the strike price before expiring.
is this also accurate?