that was very clarifying, so that means that if i had bought 5,000 € instead of 36 € and sold it after, i would have done roughly 50% profit?
that'd have been sick...
Correct, but just keep in mind that options are very dangerous and as easy as it was for you to make 50%, it's also very easy to lose 50%. Congratulations on your trade though :)
By the way guys, maybe we should have a monthly options thread like there is weekly for the market. Would be more organized / easier to look back to find stuff since this is 35 pages and goes back to January. I understand this was created to find 10 bagger plays, but it would be nice to have a thread to discuss options. Just my two cents
5k / .13 / 100 = 384 options yeah <-- excluding commissions
but i advise you dont throw 5k in there and get to know options a little bit more.
Thanks for the answers.
What i did was thinking duh, each share is 17,96€ so if i buy an option which is 100 stocks its 1796€, so i decided to buy 3 options (5k€ is what i could afford)
it doesnt work like that, does it? I should've bought 5k € / 0.13 which is like 650 options in order to "play" with 5k € correct?
Enough PCLN for me.. i think MM are going to play games from here with the options.. I'm going to run and take the profits even though I think it has much more to go
Good luck to anyone else left on this trade.. Going to listen to myself for once and others who were up huge on pcln and gave it back.. this could change fast
I just need NFLX to get lower (looks like she's ready to blow) and this will be incredible week for me