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

To: hpeace who wrote (612)1/28/1998 10:33:00 AM
From: SAF  Read Replies (5) | Respond to of 2241
 
hpeace, et all,

I am very new to options trading. I have an issue that I'd like for
someone to explain to me. I bought may 45 call contracts for TSK back when the stock was at $32. The stock has now risen to over $38, but my options are worth less or about the same as when I bought them.
What is going on? I would think that I'd be at least a little in the
black??? Any help or explaination about how options work would be appreciated. Also, are there any technicals that are better used for
options than others?

Thanks in advance for anybody's assistance.

Steve


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