TexasRangersFan
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I am not even sure if I rate as a rookie because I don't have any experience with options and I am still learning.
I searched Sears Holding to check the price of puts, because I have not heard anything good about Sears lately and I don't think they will be in business much longer. The last few times I have visited my local Sears, the store is mostly empty, clothes are on the floor, clothing racks are in disarray and no one was on the floor. But they had 3,4 people at the register to take my money. They will be in business through the summer but I think 2016 will be their last year. Anyhow..... this is what I found.......
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I have read a couple of books on options. The last one I read explained that options have heads that include an A for a January expiration date but when I go to the yahoo finance page it does not seem to use the same coding.
15.00 SHLD160219P00015000 0.30 0.02 0.89 -0.47 -61.04% 5 131 77.93%
The option was listed under 19 Feb 2016 so I am assuming that they don't have a need to use the alphabet to list the option.
I thought that options were dated for Saturdays even though contract trading ends on Fridays. But the link for options indicate Friday the 19th. Is that just a yahoo thing ? Because the option is listed as 160219......expiration date of February 19 2016.
I guess the 15.00 is the price of the option........the next columns are last .30, bid .02 and ask .89.
Is there always a wide disparity between the bid, ask and last ?
The -.47 is the change. Is that the change from they prior day 's last trade?
What is the change? Is it from the last trade or the bid or ask ? A 47 cent change is dramatic regardless of the measuring stick.
The -61.04 percent change......is that related to the -.47 change ? Or is it the volume ?
The volume of 6 and open interest of 131 represents 6 contracts trading on Friday and 131 contracts that are held but were not traded for the expiration date. Correct ?
The 77.93 percent is implied volatility. How is the volatility measured ? It seems to increase the further you move away from the current price. Is that a statistic that is useful for evaluating an option or is it just something interesting to see ? Like a quarterback rating ? It's interesting, but it won't help your team win the next game.
If the last contract was .35 and contracts are written in 100 shares does that mean the price of the contract is $35 ?
What about the option premium, where is that figured in ?
Thanks.
http://finance.yahoo.com/q/op?s=SHLD+Options
I searched Sears Holding to check the price of puts, because I have not heard anything good about Sears lately and I don't think they will be in business much longer. The last few times I have visited my local Sears, the store is mostly empty, clothes are on the floor, clothing racks are in disarray and no one was on the floor. But they had 3,4 people at the register to take my money. They will be in business through the summer but I think 2016 will be their last year. Anyhow..... this is what I found.......
---------
I have read a couple of books on options. The last one I read explained that options have heads that include an A for a January expiration date but when I go to the yahoo finance page it does not seem to use the same coding.
15.00 SHLD160219P00015000 0.30 0.02 0.89 -0.47 -61.04% 5 131 77.93%
The option was listed under 19 Feb 2016 so I am assuming that they don't have a need to use the alphabet to list the option.
I thought that options were dated for Saturdays even though contract trading ends on Fridays. But the link for options indicate Friday the 19th. Is that just a yahoo thing ? Because the option is listed as 160219......expiration date of February 19 2016.
I guess the 15.00 is the price of the option........the next columns are last .30, bid .02 and ask .89.
Is there always a wide disparity between the bid, ask and last ?
The -.47 is the change. Is that the change from they prior day 's last trade?
What is the change? Is it from the last trade or the bid or ask ? A 47 cent change is dramatic regardless of the measuring stick.
The -61.04 percent change......is that related to the -.47 change ? Or is it the volume ?
The volume of 6 and open interest of 131 represents 6 contracts trading on Friday and 131 contracts that are held but were not traded for the expiration date. Correct ?
The 77.93 percent is implied volatility. How is the volatility measured ? It seems to increase the further you move away from the current price. Is that a statistic that is useful for evaluating an option or is it just something interesting to see ? Like a quarterback rating ? It's interesting, but it won't help your team win the next game.
If the last contract was .35 and contracts are written in 100 shares does that mean the price of the contract is $35 ?
What about the option premium, where is that figured in ?
Thanks.
http://finance.yahoo.com/q/op?s=SHLD+Options
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