January 19, 2009
What are the requirements to trade options if you use an online broker like Scottrade?
chief_clay77 asked:
Im a 21 college student and have decided to take a small amount of risk in the market, perhaps trading options. I have an account with the online broker Scottrade that has a value > 25000. I turned in the paperwork for trading options. So if I were to invest a small amount of my portfolio into a call option for (X) tomorrow morning, what steps do i need to take (besides filling out the order form i know how to do that)? Do I have to own shares in (X)? Also it’s a $1.25 per contract, so does that mean for each single option I buy it cost $1.25? I just started a course in investments and will learn more about options later this semester, I just want a head start and possibly make some money. Thank You.
Im a 21 college student and have decided to take a small amount of risk in the market, perhaps trading options. I have an account with the online broker Scottrade that has a value > 25000. I turned in the paperwork for trading options. So if I were to invest a small amount of my portfolio into a call option for (X) tomorrow morning, what steps do i need to take (besides filling out the order form i know how to do that)? Do I have to own shares in (X)? Also it’s a $1.25 per contract, so does that mean for each single option I buy it cost $1.25? I just started a course in investments and will learn more about options later this semester, I just want a head start and possibly make some money. Thank You.
Filed under Investing by Administrator
October 5, 2008
What’s the difference between buying to open and selling to open when trading stock options?
ZchDnlp asked:
For a call option and for a put option.
For a call option and for a put option.
Filed under Investing by Administrator