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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: LTK007 who wrote (12224)4/5/1999 8:22:00 PM
From: unclewest  Read Replies (1) | Respond to of 56535
 
asct...back to 3 today. i mentioned a few days go getting some at 2 5/8. just curious if anyone else is holding and/or knows anything. up 10% today.
unclewest



To: LTK007 who wrote (12224)4/5/1999 8:26:00 PM
From: Trader J  Read Replies (3) | Respond to of 56535
 
Max - One last question if I may?

Say I buy 10 NSOL May 100s, and NSOL closes at $150 on expiration day. What happens at the end of that day if I haven't sold to close my 10 contracts. Do they expire and the money is just rolled into my account? Or do they expire worthless because I forgot about them (I doubt that)?

Thanks. I don't see myself trading a lot of options, except in the very rare circumstance.

Thanks for your help.

J



To: LTK007 who wrote (12224)4/5/1999 11:32:00 PM
From: zora  Respond to of 56535
 
max90

Options

I spent two days and $2595 on a workshop on options. Best money I ever spent because it convinced me I was not ready to trade options. If I had started trading them, I would have lost a lot more.

BE careful

zora


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