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Post# of 11439
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Chartmaster

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Chartmaster

Re: fwb post# 11376

Wednesday, 05/01/2024 3:11:59 PM

Wednesday, May 01, 2024 3:11:59 PM

Post# of 11439
Options work like this: You give up your money and then watch as your investment expire worthless! Lol! But sometimes you make a killing!
Yes, options control 100 shares so when I pay 5.45 it's cost is $545
my 185 strike May 10th call option now pays me everything above 185 by May 10th, but since I paid 5.45 I won't be in profits till it trades 190.46, and it will expire worthless under 185 by May 10, GL
Bullish
Bullish

Buy and sell at your own risk, I am not a financial advisor, all my posts are for entertainment only, enter at your own risk!

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