Nicholas asked:


Hi, I am trying to learn about trading standard options- calls/puts. I am unsure of which ot use in what situation. I want to use options to catch daily swings.

Example:
I wanted to buy an option on Google when it hit around 500 a share the other day because I knew it was going to drop. I just joined Tradeking.com to use for options. I could choose a call or put and at several different strike prices.

Which should I have used and at what strike price if I was shooting for a downturn in the stock price?