Options for Newbies -(Help Me Obi-Wan-Kenobe) Message Board

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Strategies & Market Trends : Options for Newbies -(Help Me Obi-Wan-Kenobe)

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To: Madpinto who wrote (554)	1/14/1998 8:46:00 AM
From: MJR	Read Replies (2) of 2241

Mike: Thanks for the info. I have yet another question.. suppose I own the JAN 80 call options on XYZ and XYZ is now trading at $70 and I have no hope I'll see $80. How easy will it be to sell my calls to minimize my loss, rather than just let the option expire worthless? I would guess this has a lot to do with trading volume of the stock and open interest on the option. In summary, how likely is it that I will be unable to sell of the option because no one wants to buy it? Thanks in advance, Mike

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