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sonetirot

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sonetirot

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Re: mickeybritt post# 273206

Monday, 10/19/2009 3:44:43 PM

Monday, October 19, 2009 3:44:43 PM

Post# of 432796
Mickey.

Option either PUT/CALL. It is traded like stock up to the expiration date. The seller/buyer of option could buy/sell OPTION back to close any time (win/lose during market time). Market maker would be on the other side of BID/ASK to let you open or close out position even there are no one on the other side to trade with.

Other word, You do not have to have stock position (long/short) either way as long as you close out position before expiration.

It just like be able to buy insurance (BUY put)when your house is on fire. Then sell the contract for profit later without owning stock.
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Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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