arazzabo

Hi, I purchased a put option for stock ABC with a strike price of $7.50 and expiration of May 16th. Stock ABC is now at $7.20 and I think it's gonna continue to fall even past option expiry. Should I exercise on May 16th or let it expire?? Thanks for the replies.

Hi, I have my 2002 Chevy Trailblazer in for a rear brake job. The guy calls me and says my "backing plate" is rotted and he has to order it. Will cost another $290 installed. Anyone know if this is a legit expense? Thanks!

I've tried executing pre-market and post-market trades in my brokerage account with cash or margin and also in my IRA account, but they never get executed. There must be some requirement.

at the share price of say $9.50, wouldn't it be wise to sell a covered call of 5 contracts with a strike price of $9.75 hoping that the strike price will be reached? That way, I sell $500 shares at $9.75 to myself and keep the premium of the option and still have $500 shares long. Right?

I have an $8.00 strike price and on October 5th the price is $7.99 at 10:05am. At 10:06am the price hits $8.00. Are my contract(s) over that had a strike price of $8.00? How will I know?

If I'm interested in just the premium.....so on the 3rd Friday the option will expire...do I just let it and I kept the premium? Or do I have to execute something?

My brokerage account is at a level of covered writing. the only choices I have when I select trade on an option chain is "sell to open" and "buy to close". I understand what they both mean but have a few questions:

Symbol is "F" (Ford), current price is $7.85.

if I sell to close a 1 contract option with a strike price of $8.00 with a bid of .10 and an ask of .15 with an expiration date of Sept. 22nd and the strike price is not reached, how much money do I make? I know I would receive a net of $2.00 in my account (.10 X 100 = $10 minus $8.00 commission). Do I just keep the $2.00 if the contract expires? If the actuall price of Ford goes down to say $7.35 in a couple days, would I "buy to close?" I guess what's confusing to me is the ask/bid prices on the option.

Also, can you sell to open puts and also calls? What's the diff? I know a call is bullish and put is bearish. I might just be confusing the whole thing. Thanks for any info. I'm really trying to understand.