Etrade Sep
How to buy calls and puts exactly? and about Lehman Bros?
I think I will begin my first option trade on the upcoming Monday,Sep 22nd (Is it the first day of the new options?) I just have a couple of questions that I have not cleared.
I’m currently trading at Etrade. Let’s say I want to buy 10 calls of LEH, what do I put in the contract column? Is 1 contract = 1 call or put?
Now I want to realize my profit before the expiration date(3rd Friday of each month before 4:30PM, right?) Should I use Sell to Close for my calls or puts? What exactly do I do if I want to exercise my options instead of realizing them?
Anyone think LEH will survive by miracle? If you were to buy options, which sector would you choose? I think I would choose airlines.
Thank you so much for your answers.
Lehman Brothers filed chapter 11 and their staff was cleaning out their desks on Sunday…. Even tho Chapter 11 means restructuring they said they are liquidating…. All potential buyers bailed already and the Government refused to step in.
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