samson_wong asked:


The option could be call, put or any combination thereof

Ivan K. asked:


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?

If you were to buy options, which sector would you choose? I think I would choose airlines.

Thank you so much for your answers.

likehown asked:


I bought a stock and call and put on it. I made a profit on the stock and took a loss on a call and put option. If I buy the stock and different put and call option strike prices within 30 days, is it considered a wash for my options losses for tax purposes?

thelastmejia asked:


I asked them to Upgrade me, but they said No. They couldn’t give me a reason and really treated me poorly and had me on the phone for 2 hours to tell me no. I am leaving E*trade, my question is what would qualify me for level 2 so I can trade long call and puts. Is it the amount of funds I have in my account, the value of my portfolio? On the application, I wrote down that I had 12 years in trading experience (which I do) I am really knowledgeable about options and understand all the risk and rewards. Can someone lend me some insight as to how I would be authorized to start trading option on E*trade or do they know if any of the other brokerage firms (Scottrade, Ameritrade, etc) would allow me if I asked?