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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?

To: Junkyardawg who wrote (5151)	1/4/1999 10:04:00 PM
From: Gary E	Read Replies (1) \| Respond to of 90042

Geez, you make me ROTFLMAO, now to translate, A quick lesson in options,,, Jan 20 = the option expires in Jan on the 3 rd fri, 20 is the strike price One contract = 100 shars and costs ~ 1.oo / sh = $100. If I buy 5 contracts @ $ 1 total cost is 500 x $ 1.00 = 500 + commis. If, If ,,,IF the stock goes up the option goes up and maybe I sell it @ $1.50 This is not for the newby, hey i'v studdied this stuf for a long time and still lose $$$$$ Paper trade them for a long time and youl see what I mean. HG