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worth a shot.
my prediction, Tuesday comes, amateurs keep buying and pros keep selling, price doesnt change, amateurs start to sell, pros keep selling, price goes down. By Wednesday it opens down amateur start a selling stampede, pros start buying, price moves up slowly...
Thanks, TEX... I'm just going to keep my eye on AT&T... It won't move as much as Verizon so I have a bit more time to study...
I've always wanted to trade Options so I might as well just jump in. I've already scaled back my position size in half
not realizing the $1.50 per contract on top of Premium....
I will have tech support on the line the whole time I set up the position , to make sure I get it right.
Ha!! I doubt this will be entertaining. Educational, certainly... as I will most assuredly lose. I just have a feeling that
won't leave me alone and I can spare the cash....
Taking these long shot calls are as close to gambling as I have ever traded. .... Only for THIS news event believe me.
the rest will be the tighter, more long term positions. Of coarse, after I have paper traded a while....
but you need to figure out what your bet is first.. if you want to long a call, then for how long, what is the time horizong for the trade? what price do you think you want to buy at? what price do you think it will go up to? those are all questions you need to answer to determine your strike and expiration, before you decide the order type..
as with anything, the order type will be based on your conviction (market/limit/etc) ... and since you want to long a call, it would be a "buy to open"..
I would suggest a free class to educate yourself a bit more, unless I missunderstood your question..
