So if I were to buy a $9 call expiring January 29, and the price rises above that, I get the option 100 shares for $900

Sign up, and you can customize which countdowns you see. Sign up

Report problem with this ad

Jan 26, 2021
10:04:29pm

letthewookieewin Holochess World Champion

So if I were to buy a $9 call expiring January 29, and the price rises above that, I get the option 100 shares for $900

Is that correct?

Not planning do to this. Just want to understand

Report problem with this ad

letthewookieewin

Previous username: letthewookiewin
Bio page: letthewookieewin
Joined: Sep 10, 2017
Last login: Apr 25, 2024
Total posts: 31,300 (8,870 FO)

Report problem with this ad

Messages

Author

Time

So if I were to buy a $9 call expiring January 29, and the price rises above that, I get the option 100 shares for $900

letthewookieewin Holochess World Champion

1/26/21 10:04pm

Yes

palangi

1/26/21 10:16pm

Yes. You are agreeing to purchase the stock on the 29th for $9/share. If you

Star-Lord

1/26/21 10:18pm

Cool so the people who bought call options at low premiums made a killing in GME, right?

letthewookieewin

1/26/21 10:21pm

Ya, but the premiums are jacked up now. They’re still making a killing though

Princepete

1/26/21 10:22pm

You don’t need the capital to buy the shares

Heath Squashwell

1/26/21 10:25pm

This is fascinating stuff

letthewookieewin

1/26/21 10:27pm

Yes. The hero of r/wsb is currently holding 800 contracts with a $12 strike. He

Star-Lord

1/26/21 10:33pm

You have to have a good understanding of the Greeks to play options

whoneedscorners?

1/26/21 10:34pm

You can sell your options at any time before expiration. You don't have to hold

Kerbouchard

1/26/21 10:37pm

Report problem with this ad

Posting on CougarBoard

In order to post, you will need to either sign up or log in.

Report problem with this ad