08-16-2012, 10:13 AM
So tell me what the deal is here. This is what I get from Sharebuilder when I try and do options trading for a PUT order of $45 on TNA for Sept 22. Just doing this as an example, havent executed it. I'd really like to start dipping my toes into options trading.
So anytime before Sept 22, say TNA drops below $45. Say it drops to $40 and I sell the options. What happens? It would be $500 - 116.20?
Options:
Action Buy Put to Open
Option TNA SEP 22 2012 45.00 PUT
Deliverable
100 shares of TNA per contract
Expiration Date 9/22/2012
Number of Contracts 1
Order Type Market
Quote Last: $1.05 Bid: $1.00 Ask: $1.05 Real-time: 8/16/2012 10:54:00 AM ET
Order Costs Estimated Cost $105.00Explain calculation
Base Commission $9.95
Contract Charge $1.25 ($1.25 per contract)
Estimated Total Cost $116.20
So anytime before Sept 22, say TNA drops below $45. Say it drops to $40 and I sell the options. What happens? It would be $500 - 116.20?
Options:
Action Buy Put to Open
Option TNA SEP 22 2012 45.00 PUT
Deliverable
100 shares of TNA per contract
Expiration Date 9/22/2012
Number of Contracts 1
Order Type Market
Quote Last: $1.05 Bid: $1.00 Ask: $1.05 Real-time: 8/16/2012 10:54:00 AM ET
Order Costs Estimated Cost $105.00Explain calculation
Base Commission $9.95
Contract Charge $1.25 ($1.25 per contract)
Estimated Total Cost $116.20