Im a newbie and have been researching Options, but want to make sure I'm on the right track. Sorry for my ignorance...Just want to be sure As I understand it, 1.if I purchase JPRO at say 1.3 cents I am entitled to sell it at any time prior to expiry at any given price 2. If strike price in heads is achieved prior to expiry (9 cents incl 1 cent initial option value), the options are worth 8 cents (potential profit of 600%) 3. Do I need to negotiate a fee for purchasing options with the seller or is transfer just like any share purchase? 4. What happens if heads are worth more than 8 cents at time of expiry? 5. Do I need to sell prior to expiry or are they automatically transferred?
Would be grateful for your experience and advice Cheers
JPR Price at posting:
7.1¢ Sentiment: Buy Disclosure: Held
