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Schneidku40

11/23/15 9:12 AM

#1078 RE: GABRIELXX #1076

Gabriel, thanks for the discussion. Those bid and asks had to have updated after I bought because I'm quite certain they were not identical between december and march, otherwise I would have bought March. If I remember right, there was about a 20-30 cent difference between December and March calls when I bought, and even more for the later years. I'm hoping for a quick uptick in gold price within the next month, and I'll profit as long as IAG gets above $1.60 or so.

I am very new to options trading so I appreciate any insight. I've been trading stocks for seven years and have done several covered calls, but this is only my second non-covered call option trade. I'm sure I still have a lot to learn.

Schneidku40

11/23/15 11:41 AM

#1079 RE: GABRIELXX #1076

Whoops I made a mistake, I actually bought March 2016 calls, not December '15. So I have 4 months to see that price rise! I think I got mixed up because the other option I bought at the same time (put on NTGR) was for December '15.