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Friday, December 08, 2017 4:55:46 PM
With Options I would Spend $250.00 for Ten $15.00 Call Options (Each Option is Based on 100 Shares, so I am getting 1,000 Shares for .25 Cents each which was the call price) when the Price was $14.60 and when I sold at $15.10 my Strike price of $15.00 hit and it moved up in the Option Chain as $15.50 is the Next Strike and my $15.00 calls were worth and sold at .50 cents. So I banked $500.00 and I just made $250.00 and Doubled my Money in a few hours and Only risked $250.00 Bucks.
Here is the Kicker, If the price Dropped to $13.00 I lose Everything, all $250.00 or a good Portion of it, and you would only lose $160.00.
Options are like buying Penny Stocks on Steroids, Many times I have Paid .05 cents an Option and Sold them for over a $1.00 which is the same as buying a Penny Stock for .05 cents and selling it for a $1.00 which happens a lot more Often with Options than Penny Stocks as Options are real Companies and not Penny Scams.
Plus you can Buy Puts which is basically Shorting the Stock but you will only lose what you paid and no more as with conventional Shorting.
I hope this explained it in Pretty Simple Example.
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