Discussion in 'Options' started by pjmalcolm1, Jul 5, 2007.
I want an opinion. Would it be profitable to buy a call on the stock symbol AGN?
Weekly chart looks decent could bounce off the lower trendline...56 to 57 good entry.
Something pointed you to this specific idea. What was it? A broker?
You failed to mention strike, or month, or how much you'd pay... makes me think you have a lot more homework to do regarding option trading dynamics. No offense meant but I would guess that you are not very sure of the risk and reward dynamics of what you would be getting into.
Start with the basics.
Then Roth's "LEAPS", Then McMillian's "Options as a Stratigic Investment", Then Natenberg's "Option Volatility and Pricing" Then anything by Caplan which focuses on the importance of IV. That should give you a reasonable foundation.
Peace and happy homework to you,
Separate names with a comma.