And if Amazon or whatever stock you buy isn't trading at or above the strike price when the options expire, you'll still own the shares, but at a lower cost than if you had just bought them outright.

如果亚马逊或你买的其他任何股票到期的价格低于行权价，你将继续拥有这些股票，但你持有的价格将比你当初直接买进时的价格有所降低。

youdao

If you know all of these and you are smart enough to judge independently that any of these events are imminent or are due to happen, act accordingly on whatever stock or stocks are going to be hurt or enhanced.

FORBES: Fourth Of July Message: How To Win As An Independent-Minded Investor

Their discount is off whatever the current stock price is--meaning they can turn a quick profit by selling the stock immediately, before taking possession of the new shares.

FORBES: Toxic Stocks

So if the stock market or whatever you happen to invest in with your 401(k) goes up, you lose a bit of that increase.

FORBES: What IBM Cutting Major Employee 401(k) Benefits Means For You