Can someone just tell me if I'm comprehending how options work correctly? I've just been trying to educate myself the last few weeks. So I was looking at this call contract that was $2.32 a share last night, I just checked at market close and the price for selling that same contract was $6.43. So am I just really incorrect in my thinking here or could I have made $411 today if I bought that contract last night and sold it just now? I'm not currently doing any investing just wanna know if my thought process was sound, I've just been interested in learning about all this stuff lately

Your thought process is correct, you were charged a debit of $232 for the contract, and would be credited $643 by the time you sold (both prices are the mark between the highest and lowest bid/ask)

Here's a pretty decent tutorial explaining it more in depth youtube.com/watch?v=SD7sw0bf1ms

Robinhood is great for getting started because it's UI is so intuitive, but I would strongly recommend a broker like TD, TastyWorks or Schwab, for much safer trading, if you aren't already with one of them

Thanks for the reply I’m glad to know I was actually grasping what I was learning. I’ve actually watched that video in the past week haha and yeah I’ve just been using Robinhood to lurk since it’s got such an easy UI to navigate while trying to figure all this stuff out. I’ll probably use fidelity or e trade once I actually want to start investing.

Gonna go all in on ExxonMobil tomorrow and hope that a deal gets done soon

pls don't say this @S

F

Thanks for letting me know. Haven't been using KTT2 as much cause of work.

Also, can't help with development

Front end development with Angular.

Also, I have to pay for the emoji?

Gotcha and yeah, Angular isn't for me, but it's not terrible. Looking into Svelte on my own time (along with Swift for iOS development)

Is this still a thing or is it over?

Wish I knew about it cus I actually have ETH lol

You forgot the part where you lose all your money if you’re wrong lol

🤫

I got cucked by SPCE. I should’ve did 2 week puts. I would’ve been itm

dont use margin and those rules won't apply

ur friend is right we're all going to get infected tbh

What calls are we buying in this dip?

trump incompetence and lack of plan moving forward

Pandemic

Lit