Hello, I am extremely new to trading in general. With this in mind, I am contemplating putting in my first option order on Monday ( 04/08/19 ). If I was to do so, I would put this order in as follows; It would be for the stock/ticker ; [ $SIRI ] as a call (because I think it is going to increase?). My strike = 6.00. | my limit or bid would = 0.05 per 1 quantity?? | Stop loss at 0.03? or EST price = 0.02?? | profit exit at 0.45 - 1.10? or EST price = 0.50 - 1.15?? | Expiration date = 04/12/2019. | Broker = Charles Schwab StreetSmart Edge application. | Lastly I would be thinking about buying a quantity of ten or less. Because I started with a tiny amount of money. Thank you for any help, tips and, advice also I am sorry if I did anything against the website rules. $F & $DIS didn't look bad for calls at different rates and etc??
Options are in books of 100, so for each 1 your looking at .05 times 100. but I've NEVER done any option trading. it's very confusing... I dont recommend going a complicated route for your first trade. First of all you need to expect SIRI to go up, A Lot! Second of all I just looked at siri, and it has that 50% off sushi effect 9/24. This is my opinion. I'd recommend buying the dips they look pretty predictable if you really must have your siri fix.
@Kriminator Thank you, I understand your input and do agree. The more I research and reflect, I do not think this will end up being my first trade. I will post any trades that I do attempt on this website. Thank you. You did help me a lot by semi-reassuring me that the thought I had of 'I can do better' was probably a correct one lol :D.
its all a brain trust here, we gotta help each other along. I just saw you definately needed some helpfull suggestions. Keep an open mind about it, dont over analyse, try to find something that is good in your eye's and give it a shot.
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