Problem: Article: Once you've purchased your options contracts, you're essentially playing a waiting game. Watch the stock to see if it moves in the direction you predicted it would when you bought your options. Most brokers allow you to set alerts that will send you a notification when a stock falls below a certain level. You can use these alerts to more easily manage your options. You can exercise your option at any time before the expiration date. When you buy a put option, the seller of that option is obligated to buy the stock at the strike price any time (before the expiration date) you present that option to them. If the stock declines below your strike price, you are "in the money" if you have a put option. You can put your options to the seller and the seller will have to buy the stock at your strike price, even though it's currently trading for less. For example, suppose you have 5 contracts (representing 500 shares of stock) with a strike price of $100. The underlying stock of those contracts drops to $80. When you put those options to the seller, the seller is obligated to pay you $50,000. Since the underlying stock is only worth $40,000, you've realized a $10,000 profit. Options have both intrinsic value and time value. You may want to sell the options if the stock has declined as you predicted, but is trending back upward. For example, suppose you have 5 contracts (representing 500 shares of stock) with a strike price of $100. The stock dropped to $80, then rebounded to $85 and is trending upward. If you sell the contracts at the strike price, you will make $7,500. When you sell an option, you then become obligated to purchase the stock at the strike price. To continue the example, suppose the stock continues to rise to $125. If obligated to buy the stock, you would make an additional profit because, after buying the stock for $100, you could turn around and sell it for $125. If your prediction didn't pan out and the stock increased in value or stayed the same, you're "out the money." Since there's no obligation to exercise an option as the buyer, you can simply let it expire. When you let an option expire, you'll be out the premiums and fees you paid for the option, but that would be all you would lose.
Summary: Keep your eye on the stock. Put the stock to the seller if the stock declines. Sell the contracts themselves if the stock declines before expiration. Let the option expire if the stock doesn't decline.

INPUT ARTICLE: Article: Although it can seem daunting, try to find a time that works for everyone for an in-person meeting. You want to avoid leaving out any team members because of schedule conflicts. Taking care to include all parties helps create a sense of teamwork. In-person meetings help foster relationships in a way that Skype or conference calls often do not. Additionally, in-person meetings help you avoid technology snafus that might interrupt your discussion. If an in-person meeting isn't possible, then the next best alternative is a Skype meeting at a time that works for all parties. If circumstances prohibit a Skype or in-person meeting, then a phone meeting (while not ideal) is appropriate. Depending on your particular group of participants, a meeting in a school conference room might be your best option. If your group of collaborators are already close, meeting in a member's home or a local cafe or pub could be appropriate and cultivate a laid-back, open atmosphere for your meeting. Reserve your meeting room in advance, especially if you would like to have a conference or meeting room in a public location like a school. Don't assume the space will be open when you want to use it. Regardless of your meeting's venue or format, ensure that all meeting participants can hear and see each other. Adjust lighting, microphones, and seating to ensure seamless conversation and exchange of ideas. By using Google Docs, you ensure that your notes and lesson plans will autosave and not be lost to technological hiccups. Everyone can edit and access these documents from anywhere using a Google account. If any group members are unfamiliar with Google Docs, it might be helpful to dedicate some meeting time or a separate meeting on how to use Google Docs. See how to Use Google Docs for Collaboration for more information on incorporating this technology into your meeting. You can also have members share ideas in Google Docs before the actual meeting so everyone is more prepared going into it. Many people are visual learners, so if possible, use visual aids at your meeting to supplement your discussion. The visual component of your meeting doesn't need to be complex or time-consuming to create. Images on an overhead or a brief PowerPoint presentation with relevant data will involve the audience more in the discussion.

SUMMARY: Select a meeting time that works for everyone. Find an ideal meeting location. Utilize Google Docs. Incorporate visual aids.

In one sentence, describe what the following article is about: The dolphin dive depends on the strength of your legs to project you up and back into water in a quick burst, the way dolphins dive in an out of water. As you see a wave approaching, press your feet firmly onto the sand under you and bend your knees. Bring your arms up straight above you, pressing them to the sides of your head. This dive can be done in any water above knee height, but shallow enough to stand in. As the wave crashes forward, jump out of the water and curve your body to launch back into it. Keep your arms and legs straight but bend at the waist to angle your dive. Aim to dive deep enough to touch the sand with your fingertips. Stay in the deepest spot under the wave while it crashes over you. Hold your breath and keep your muscles tight to hold your position. Brace yourself by planting your fingers into the sand, if necessary. As you feel the wave passing over you, start advancing along the sand. Use your fingers to touch the ground and move yourself forward without surfacing. After a few seconds, resurface. Take a deep breath and dive again if another wave is coming.
Summary:
Position your arms and bend your knees when a wave approaches. Jump and curve your body into the water towards the sand. Hold yourself in position as the wave passes over you. Move forward along the sand before coming up.