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Re: TVeyeGuy post# 1968

Thursday, 06/29/2017 12:13:57 AM

Thursday, June 29, 2017 12:13:57 AM

Post# of 12269
Yeah, once you understand the basics like puts vs calls, strike prices, "in the money"/"out of the money", it's so much easier...and always gotta remember that prices listed are x100 per contract.

The greeks are complicated and they're still greek to me (pun intended) but for this purpose they're not crucial yo understand.

I do wish I had a calculator that could show me how the bid/ask on puts/calls changes with the share price. Also don't forget that many brokers will automatically exercise in the money contracts at expiration so make sure they're sold before market close or call your broker and arrange for them to expire. I wish they allowed you to set that as a default option.

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