The Trader's Perspective

[Qone0]

I've been doing good, the season here is starting to wind down.


You are correct.

1 contract would be $26

10 contracts would be $260


100 contracts would be $2600


I personally won't trade options if the underlying is not $100 or more. I never will trade a 3x underlying options because of the spread and they are expensive against the 1x index.


SQQQ oct 19 bid 25 ask 30 stock up over 1% no movement in the options. Because of the spread.


QQQ oct 19 178.50 put stock down .49% bid 1.25 ask 1.27


The goal is to get a cheap option to trade in the money of your strike price, then the option starts to tick with the 100 plus underlying.