Options for Dummies

[IRISHBULL]

I trade options.. I don't get into all the mumbo jumbo, I just trade puts and calls through options express.. I don't buy expensive options either.. heck, I bough at&t wireless options for .10 a share - 100 shares per contract is standard - 1 contact costed 10 bucks - 10 contacts costed 100 bucks.. anyway, this was when cingular was bidding to buy them out last year.. we got the news over the weekend that they were giving at&t 15 a shares.. those .10 options I bought the week before sold the following monday for 1.30 - low risk of money, big reward.. I usually don't buy anything further than 2 months out ie: the furthest I would go right now is an Oct put/call.. Theres more like how time effects the option, but I don't have time right now.. ask a few questions and I'll see if I can help..