 Welcome to the options beginner series. In this course, we are going to show how a long call is traded. So this is an older example of a trade on Chipotle Mexican Grill and the trade is going to be monitored over a period of time. For all these examples, you have to understand it just meant to show the dynamics of how a trade works. So it's not meant to be the perfect trade. It's not may not be the best trade entry or the exit or any of that. But it's meant to give you an example. We're going to buy a call option in this course. Look at Chipotle Mexican Grill. This is a one year chart of Chipotle and you can see that it's been moving up nicely. And what's happened is it hit a higher 442 and then we had earnings here about a couple of weeks ago and Chipotle reported good earnings. But however, what's happened is because of some market pressures and perhaps it had gone up too much Chipotle has come down by $40. So I think this is a good point to get back into Chipotle. There's absolutely nothing fundamental that's that's looking bad for the company. So Chipotle is a good stock and I expected to move further up. So what we're going to do is take a long call position on Chipotle. With these positions, what we're going to do is manage these positions in such a manner that over the next three to four weeks will see how these positions play out. Now also one other important thing is now at many times you might want to take profits off the table. So if your stock, if your position has done well, then you want to take some part of the profits off the table or what also what you can do is if your stock is not doing well. If it's going against you, then you need to make an adjustment to it. But in general, if you have a certain profit target, a certain profit target or a certain time target, if it meets, if the position meets either one of those, then you should take your profit. Maybe not close out the whole position, but certainly half of the position so you can book that profit.