Replies to post #2277 on Newmont Goldcorp Corp (NGT)

[StockDog100]

You can submit an app with your broker and get approved for trading options. Your broker should show you the quotes online. Options give you a lot of flexibility, but beware, if you are on the wrong side of the trade and it is expiration day you lose everything you paid for them. Example: I gave 75 cents (or $75 per contract) on my GG $14.50 calls that expire April 21. If this stock does not stay above $14.50 on expiration day the entire premium will be lost - gone - no more - bye bye - get it?? I like it because I am willing to lose the value of the option to see how things play out and my downside is limited to the option. You can also sell the option to close before the expiration if you just want to close out. This particular option is at 59 cents now - so I am down 16 cents if I wanted to sell and close out. Hope this info is kind of what you were looking for! GL