02-05-2015, 11:05 AM
(02-05-2015, 10:50 AM)hendi_alex Wrote: I have no knowledge or interest in LB. Just decided to buy the 2000 calls for a quick return if the price continues to run over the next week or two, as the dividend capture group buys for the dividend plus special. Twenty contracts controls 2000 shares and cost me 20 cents each for a total of $400. As the price rises, so will the value of the contracts which as I type are selling for 25 cents each.
Good to know that one contract equates to 100 shares.
A few more options questions:
1) What platform do you trade these on?
2) Do you sell the contract before it expires, or wait till it expires, buy the stock, and resell it at market value?