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newleaf

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How to Lose Money 5 years ago

Just to add to your point which covers speculation, options can also serve as an insurance policy (hedge). Have a large exposure to the stock market and are not looking to sell? Buy puts and receive a payout if the market drops (simplified explanation, of course).

There could be an additional benefit to Google of having an Android maker that is also strong in the enterprise world (complementing Samsung's consumer strength).