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Options trading
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itz
#31 Posted : Friday, September 14, 2012 9:50:49 PM
Rank: Member

Joined: 3/20/2009
Posts: 348
kyt wrote:
itz wrote:
[quote=kyt]@ITZ, are there charges for option trading except the premium you pay?[/qu


@kyt depends on your broker.its normally same price as trading stocks plus price per contract.mine is $ 4.95 per option trade+0.65 per option contract

any taxes on the capital gains??


yes you have to pay taxes on capital gains just like any other asset class.

http://www.backtaxeshelp...capital-gains-rates.html
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Nabwire
#32 Posted : Saturday, September 15, 2012 9:21:26 AM
Rank: Veteran

Joined: 7/22/2011
Posts: 1,325
Yeah I think you are right, I will try and educate myself more before attempting, especially now that I know the trades have a 30 minute window. Whats XLF? And what are your reasons for MCP rallying?
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itz
#33 Posted : Saturday, September 15, 2012 10:01:27 PM
Rank: Member

Joined: 3/20/2009
Posts: 348
Nabwire wrote:
Yeah I think you are right, I will try and educate myself more before attempting, especially now that I know the trades have a 30 minute window. Whats XLF? And what are your reasons for MCP rallying?


XLF is the etf for financials.MCP is a spec play and insiders were buying and have been buying at the range of 9-12.its also a momo stock like gmcr and the moves can be parabolic.look at the charts and see where the stock was last yr,looks like its setting up well.However this is a spec so you keep it below 5% of your portfolio and put a stop loss at 12.50.china also reduced the licenses for rare earth companies from 120 to 67 this wk.
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Nabwire
#34 Posted : Tuesday, September 18, 2012 7:39:04 AM
Rank: Veteran

Joined: 7/22/2011
Posts: 1,325
Ok thanks Looks like Sizzla made alot of money, the execs at Apple are genius, ati they stopped taking anymore orders after they got 2 million orders. Now you can be assured there will be long lines to get a phone, limit the supply and the demand shoots up exponentially
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VituKali
#35 Posted : Tuesday, September 25, 2012 3:55:00 AM
Rank: Hello

Joined: 9/25/2012
Posts: 4
Nabwire wrote:
Wait, you can only recoup your profits during expiry? So if I bought 60 day options, I can be locked in for the full 60 days? Midway through I cant decide to sell coz I have already reached my goal?
I only trade stocks and I have insomnia with numbers and percentages flying all thru my mind, I just wonder how people like you sleep with all that activity? Asia, Europe, US and Africa, gosh I would have to be on sleeping pills to be able to sleep. That sounds like a tough schedule.


Dont get you hands too full....all the advise given here is valid, albeit...
With Options, you dont "invest based on hope", otherwise you will end up bankrupt .
My advise, combine it with Chart reading...atleast that way you will have a "feel" of market direction and not risk you hard-earned .
You will have some "mganga" powers that way!
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  | | Edit by user: Tuesday, September 25, 2012 3:59 AM | Reason: make it clearer
Nabwire
#36 Posted : Friday, September 28, 2012 4:18:52 AM
Rank: Veteran

Joined: 7/22/2011
Posts: 1,325
LOL I dont know how to read charts and honestly I dont believe in them. Someone told me of a way of buying the options without exercising your rights, that way if you are out of the money, you just lose the $100 or so that you initially put in.
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