10-04-2013, 10:12 AM
OK, so I have never messed with options and I'd really like to start getting into them. I have a lil bit of floating cash in my account. Here is how my potential order looks:
Order Details Account 0002789845 - IND
Action Buy Call to Open
Option VXX OCT 19 2013 17.00 CALL
Deliverable
100 shares of VXX per contract
Expiration Date 10/19/2013
Number of Contracts 1
Order Type Market
Quote Last: $0.41Bid: $0.43Ask: $0.44 Real-time: 10/04/2013 11:00:00 AM ET
Order Costs Estimated Cost $44.00Explain calculation
Base Commission $6.95
Contract Charge $0.75 ($0.75 per contract)
Estimated Total Cost $51.70
So...this looks correct for a call option? And the goal would be anything over $17 before Oct 19th could be sold at a profit?
Order Details Account 0002789845 - IND
Action Buy Call to Open
Option VXX OCT 19 2013 17.00 CALL
Deliverable
100 shares of VXX per contract
Expiration Date 10/19/2013
Number of Contracts 1
Order Type Market
Quote Last: $0.41Bid: $0.43Ask: $0.44 Real-time: 10/04/2013 11:00:00 AM ET
Order Costs Estimated Cost $44.00Explain calculation
Base Commission $6.95
Contract Charge $0.75 ($0.75 per contract)
Estimated Total Cost $51.70
So...this looks correct for a call option? And the goal would be anything over $17 before Oct 19th could be sold at a profit?