Replies to post #39759 on Options Wonderland

[AAsBrother]

I dont use etrade but it should show a Bid & Ask & last sell... You can sometime buy at bid or below ask.

Pull up stock and click under options and shows ya diff. strike prices and everything. Also cbsmarketwatch & finance yahoo shows you the same thing but im sure etrade is more up to date on prices. Also should be a days range

[Market Technician]

buy a "in the money" call or put with a good delta, at least a month or two out. delta is important

[3xBuBu]

I suggest you to
open a virtual account and do some paper trading first before you jump into the hot bath,
it only need to take couple bad trades to wipe out all your capital,

virtue account avaliable at:
http://www.optionsxpress.com/welcome/tour/quotes/virtual.aspx
http://www.pfgbest.com/simulated_trading/
http://www.888options.com
https://www.optionshouse.com/home/signup/
http://www.optioneducation.net/select/login.asp?req=SPECIAL-vts_signup

http://www.thinkorswim.com/tos/displayPage.tos?webpage=paperMoney

[Dzielak51]

My tip to you is money management. Never put all your eggs in one basket. Personally the maximum i will invest into a postion is 10% of my portfolios value. And usually i leave 50% of my portfolio in cash (reserves). For example if i have $50,000 in my account, the most i will place on a trade is $5,000 and i will only use $25,000 of my portfolio to trade with. So that gives me 5 plays if i use my max of 10% per trade