Options – Although expensive they are great for locking in profits. They are also great for speculation. To date we only have the basic information in here for options and futures; check back as other visitors post their knowledge about derivative securities

Options are relatively new (4/26/73)

Options are very popular now

All stock option contracts are for 100 shares.  If the option is selling for 4, total outlay for one contract would be $400 + commission.

If your goal is speculation with a small amount of money (using leverage) – buy stock options.

Don’t have to exercise the stock option, just settle for the cash difference.  95% of stock options, people won’t exercise them

All options –expire on the 3rd Saturday of the month (which is preceded by the 3rd Friday).

You can buy stock options on most of the large stocks