My First Options Trade
Posted on
August 26, 2009 by
Nick
I’m a newbie in Options trading. Actually I just finished reading a few articles to help me get started in Options. Today, I made my very first Options trade worth about $287.00. I bought 11 options contracts for the December 2009 CTIC call strike price of $2.50. CTIC is expecting big news from the FDA regarding a new cancer drug. I don’t own the underlying stock which is currently trading at $1.64.
In order to broaden up my the little that I know of Options trading and investing, I ordered two books from Amazon.com. They’re called “The Neatest Little Guide to Stock Market Investing” and “A Beginner’s Guide to Day Trading Online (2nd edition)”.
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Sak pase? Keep up the good work!