Message Font: Serif | Sans-Serif
No. of Recommendations: 2
Hi guysa,

You are looking at the "last trade" that occurred for a July 13 $12.50 Call. The current ask price from other hopeful sellers is .10, and there are no bids.

The "last trade" price is virtually useless in options, particularly those that are thinly traded. This trade may have been last September, when the stock was closer to $12.00.

I'm not the best expert here, but in my 5 years or so of trading options, the one lesson I've learned is there are no "no brainers". Still, options can be useful and lucrative. Don't get discouraged, try doing some additional learning. Try the learning tab of the CBOE:

You could also look at some of the more rec'd posts on this board.

Print the post  


When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.