Registered: Jul 2010
08-06-12 05:01 PM
You shouldn't trade options if you have no idea what your doing
Quote from Hoofhearted:
What happens if an options expires and I am in the money?
for instance I sold Susser (SUSS) AUG 39.00 for $2.70 today after buying for $2.00 a few days ago. But what if I hadn't sold the contracts and the price keeps going up?
Would I lose my money if I don't buy the 100 shares per, when the contract expires? I should probably have already known this before buying, huh?
Thanks, for taking the time to answer a noob. I'd get you some coffee for sure if the opportunity arises.
BTW, I'm also long on Guaranty Bank (GBNK). Just regular stock- I'm not sure if they even offer options, and I doubt I'd ever buy an options contract on a $2 stock even if there was- I at least have figured that much out. Check em out if you get a chance and tell me what you think?