The purpose of this page is for traders and investors to post questions about option trading and strategies and for others to answer.
Post your option questions in the comments section and others will reply.
The purpose of this page is for traders and investors to post questions about option trading and strategies and for others to answer.
Post your option questions in the comments section and others will reply.
Where can I find option chains for weekly options?
Google Finance usually has them.
See http://www.google.com/finance/option_chain?q=NYSE:BP
What is the actual last trading day for the weekly August 26th expiration options? Is it COB Thursday or can I trade up to market close on Friday, Aug 26th?
You can trade weekly options until the close of trading on Friday. It can be fun and dangerous when dealing with earnings announcements on Thursday night
I have 2500 shrs of company issued stock options (symbol PCP) that expire in 2013. They are worth ~ $125/shr, or $300K. I don’t want to sell them right now as they would be taxed as ordinary income. I plan to retire possibly next year in 2012, so exercising them in 2013 when I have no other income could save on taxes. In the meantime, should I buy 25 put options to protect the 2500 shrs, or is there a better strategy? I have no experience in trading options.
The best answer would be to speak with a retirement adviser who understands your whole financial situation and can then advice appropriately. Buying Put options is not a simple answer because you need to determine what is the best strike price and the best expiration date to buy. (do you buy a $150 Jan 2012 put or a $125 Jan 2012 put, how much does that cost and is the “insurance” from the put option worth the cost).