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Can any traders help me?
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Posted by: hyperion
Let's say I think that a stock has a potential to rise, and rise a lot. But it also has a potential to lose. How do I use options so that if it did rise I can buy it at the lower price?
How much would it cost if the price of the stock is $18 right now? And I'd like to buy $1,000 worth of stock at $18 if it did rise higher than $18 a share.
Posted by: panter999
Depends on when you buy the options..you will need 10 options for one stock..
The further away from the options target you buy the options, the cheaper you will get them..you can get options for a cent/option maybe even less if you buy real early..
Regards,
Alex