The Motley Fool Discussion Boards
Financial Planning / Tax Strategies
|Subject: Re: stock options||Date: 3/11/1998 11:57 AM|
|Author: KATinChicagoland||Number: 2595 of 122105|
<<I am a college student looking to get into the options market but I feel a little overwhelmed. Could somebody tell me where I could find good tutorials on how the options market works and how to figure what it would cost me for example to buy a call option and how to figure my profits (or loss).>>
I try to stick to the tax issues on options (and everything else) so I don't profess any special knowledge in the general area of your question. The best book I've seen on options investing generally for someone who is starting out is called "Getting Started in Options" by Michael C. Thomsett (get the 1997 edition, about $15 at amazon.com). You should also be sure to read "Characteristics and Risks of Standardized Options" available free from Options Clearing Corporation (and on the web at http://www.optionsclearing.com/risks/riskstoc.html).
There's plenty of opportunity in options, but also plenty of risk. Make sure you are well informed, start out slow -- and don't bet your tuition money!
KAT in Chicagoland
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