This video series is a great overview of options trading targeted at new traders. It covers a lot of issues such as pin risk and it is fairly engaging. Check it out.
Can you help me? I currently own an option that is 20 cents from the strike price. I wish to buy the underlying stock shares (5 contracts) when it hits the strike price. What order do I enter to do so? Do i simply close the position or choose a different option. ( I am new to this, I have no shame with my obvious question, haha.) any help will be much appreciated
You said you wanted to buy the underlying shares. If you own a call option, your choice is to 1) Exercise your option 2) Sell the option and buy the shares There is nothing wrong with technical questions with regards to trading. However, you could have started your own thread topic. We can make this a gimme. Ask away.