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Hi,
I would like ask some opinion or advice about the option contract that I
bought for $100.00 each. Last March 1, I placed an order with my broker
(a weelknown one) to buy 10 Dec. Put crude oil 1450 at the market.Since
it was trading at a premium of @1 or $10.00 per contract I expect to buy
it higher than $10.00 but not more than $20.00.
The next day my broker told me that I was filled at $100.00 per contract
so I paid $1000.00 for 10 contracts.Is it possible for the distant
contract to have this range? If you are a broker and you client place an
order like this, are you going to buy this high? I'm thinking to
liquidate these contracts, but I 'm afraid they sell them for $10.00
again. Any opinion or advice on this matter is highly appreciated. Thank
you.
Regards,
lalaine
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