Recent content by andy9775

yes what I meant was time value could never take away from the intrinsic value. Thanks for the help.

Who said I was getting my sole education on a forum. Just asking a few questions thats all, trying to get an understanding of the basic concepts.

I see, so based on my profit calculations I would theoretically make $3 306 if I were to exercise but could possibly make more if I were to sell the option back correct? Also based on my understanding of time decay, the closer we get to expiration to lower the profit. Thus if for 7 days coming...

Thats why if you read the first post I mentioned that I never traded options and know nothing about them and the purpose of my post is to increase my knowledge from zip to some. :thumbsup: Reading is useful, you should try it sometime.

Do you mean sell options as in sell back the options that I purchased to get out of the position or do you mean sell options in the first place instead of buying a put? Also when exercising how much affect does time value have (would exercising and not selling reduce my profit by lets say...

So I have read a little bit about options and I just want to confirm that I understand this correctly. I have always been interested but I never really gave it a serious look. Also I am a total newb to options, traded fx and stocks with a bit of futures so be kind. Lets use MSFT as an example...