>>I am very new to the option trading...
Welcome. Do yourself a favour and start slow and small. Maybe do a little paper-trading for a while to get a feel for how options behave and your own 'warm-tummy' feeling. There are nights when I look at my positions and sleep like a baby--sleep for half an hour, cry for half an hour. I can't comment specifically on BCE since I am a specialist in it, but you need to prepare a game plan: where do you think the stock is going, what is the best strategy to employ, what is your stop-loss point, etc. Good luck!
Dan, I'll try the open interest question since Dave S. has taken his family to Vegas and California for spring break. (The lucky rat).
If there is small open interest in a series, it's probably best to avoid it. Large open interest generally means there are many different people with positions--longs and shorts--with different outlooks, different entry/exit points, all of which will tend to give you more people to trade with/against, rather than just the specialist.
Meanwhile, how 'bout that Ballard? It's like a Nantuckett sleigh-ride.
Happy trading.
Porter |
