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Strategies & Market Trends : Options for Newbies -(Help Me Obi-Wan-Kenobe) -- Ignore unavailable to you. Want to Upgrade?

To: Jay Baca who wrote (541)	1/3/1998 4:25:00 PM
From: MJR	Read Replies (3) \| Respond to of 2241

OK..here's another basic options question.. 1) Say I buy 4 CALL contracts for XYZ with a purchase price of $1. Thus, I put out $400. Forget commission charges in this example. Then, one week later, the CALL is priced at $2. Can I simply sell the 4 CALL options at a $400 profit, or is there something else I must do? 2) Do most brokers charge their commission charge both on the buy and the sell, just as they do when dealing with regular stocks? Thanks in advance, Mike