Sooo speaking of options… I kind of started playing around w...
Sooo speaking of options… I kind of started playing around with the options and reading about it etc etc and finally just submitted one on ffie the other day (bc it was only like $2) and now I have absolutely no idea what I’m looking at. can anybody explain… in like the simplest terms… whats happening,whats going to happen when it expires, what im supposed to do… literally anything
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EatSearchers : Why dont u contact cs ?
151751316 : you hold 100 shares at the price you bought and the value changes depending on the difference between the strike price of the option and the current stock value. if it ends up below the strike price the value goes down to almost nothing sometimes
calm Duck_5721 : Basically you bought the option to buy 100 shares of this stock at $1 and pay .02 a share or ($2) and now you can sell that option to buy at $1 for wayyyyyy more because the share price is $1.66 or you could exercise it and buy 100 shares at a $1 and hold the shares or you can exercise it and sell them. Does that make sense?
70642669OP 151751316: Ok so it doesn’t technically matter what the price is between it being bought and its expiration date? Only the price of the stock at the time it expires? And why is there showing a price difference? So like the stock is 1.64 on my call option it shows .76 does the price on my call option have to get above the strike price (1$) or the stock price itself?
70642669OP EatSearchers: Because normal people are generally more helpful than cs
BiGEAGLE719 : i do not recommend buying OPTiONS my man if you don’t know what your buying…
70642669OP BiGEAGLE719: Hence the 2 dollar option. I have to be able to understand the process of it before ever attempting it on something real