If I were going to buy Costco calls to make money on October 10 earnings how would I have done that?
What is the process that I would have had to follow to buy the call options for Oct 10 Costco stock rise in price? I have never traded options for real, so I am looking for the process with regards to using a real trading platform. I use Scottrade.
I don’t use Scottrade, I use Etrade, but I’m sure they are similar. I always go to BigCharts.com to get the symbol for the exact option that I want to buy.
Simply get a quote for Costco, then click on options chain to see the price quotes for all the options by the month of expiration. The symbols are listed there as well.
Just take the symbol from the option that you want and enter that into your Scottrade account to make the purchase.
I would advise you to be very cautious. Over 90% of people lose money with options. They are very volatile and their value decreases quickly with the passage of time.
I wish you well.
I don’t use Scottrade, I use Etrade, but I’m sure they are similar. I always go to BigCharts.com to get the symbol for the exact option that I want to buy.
Simply get a quote for Costco, then click on options chain to see the price quotes for all the options by the month of expiration. The symbols are listed there as well.
Just take the symbol from the option that you want and enter that into your Scottrade account to make the purchase.
I would advise you to be very cautious. Over 90% of people lose money with options. They are very volatile and their value decreases quickly with the passage of time.
I wish you well.
References :