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Jawad,
This is what I beleive you where asking for.
Buy Open - You are entering a new position by buying a contract
Buy Close - You are closing a short position by buying a contract
Sell Open - You are entering a new position by selling a contract (shorting)
Sell Close - You are closing a long position by selling a contract.
Someone else shout if I got this completely wrong. I am not trading options
yet but I have read a few books on options trading.
Regards,
Jens
----- Original Message -----
From: jawad <jawad777@xxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Sent: 14 February 1999 20:38
Subject: Re: Options: How to place orders?
>On the other side you can choose what kind or order either mrkt. limit
>or stop. I just need to know what each of these different types of
>order means for buying or selling calls or puts.
>thanks for your help,
>jawad
>
>
>---r slupsky <zzorro@xxxxxxxxxxxxx> wrote:
>>
>> Someone else may know better but if I had to guess these sound like
>market
>> orders and my personal opinion is in this market it would be suicidal.
>> With the volatility the way it is you might as well get your prostrate
>> examined. I have about 2 yrs experience which is not much but I have
>> always used limit orders with options. I may miss out on oppts but
>I am
>> not gonna take you know where either.
>> r
>>
>> jawad wrote:
>>
>> > I would like to know what each of these choices in placing an order
>> > for a put or call means.
>> >
>> > Buy open-
>> > Sell open-
>> > Buy close-
>> > Sell close-
>> >
>> > Thanks,
>> > Jawad
>> >
>> > P.S. I found out what my trading system was called. It was bottom
>> > fishing. It is not that easy to make money i have also learned.
>I am
>> > down to about 16,000. Mostly because of SMTK in which i lost all of
>> > my money. Well, i guess that's just the way the ball bounces.
>> >
>> > _________________________________________________________
>> > DO YOU YAHOO!?
>> > Get your free @yahoo.com address at http://mail.yahoo.com
>>
>>
>
>_________________________________________________________
>DO YOU YAHOO!?
>Get your free @yahoo.com address at http://mail.yahoo.com
>
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