"I puts your money in my pocket and you don't calls me no more"Years ago I had a retail guy tell me this was his standard definition for clients who wanted to 'dabble' in options.
He has a very, very large book.
Here's Wall Street Cheat Sheet with the synopsis of the story thus far. You've probably seen similar summaries elsewhere.
Here's MF Golbal's "Futures and Options Dictionary" which triggered the above traipse down Memory Lane.