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Strategies & Market Trends : Options

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To: edamo who wrote (2398)2/8/2000 3:32:00 PM
From: freeus  Read Replies (1) of 8096
 
to Edamo or anyone experienced (and successful ggggg)
I usually know the stock I wish to purchase (or sell) options on, the time frame I want, and the approximate strike price. However, I notice some big differences, sometimes, in price of the option between strike prices that are near to each other. (I hope this makes sense).
How do you decide what is the best option to buy, from a list? I recently learned that open interest is very important, as I was not able to sell a call I had purchased...it took hours and hours....even though I put in the order at market! (I did finally sell it and made a small profit but of course was not comfortable with the time it took.)
Freeus
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