I am in no position to look into options just yet, but I find this interesting after getting my head semi-wrapped around how it works. Just quickly skimmed through http://www.investopedia.com/university/options/option2.asp
Newbie, I know...
But if this site is anything to go by, can you assist in providing numbers which are missing from my formula.
Currently:
VRC = 5c
VRCO = 3.1c with an expiry of 31 Dec 2017
What is the price VRC/VRCO needs to hit before I make a profit?
And is the site true by saying I can only buy 100 shares, equalling to $310? What if I wanted to purchase more?
Sorry for the silly questions, but I'm heavily invested in VRC with over 4million in shares and ideally would love to look at this options investment as it currently sits at close to half the cost
Any information would be greatly appreciated.
Thanks in advance
VRC Price at posting:
5.0¢ Sentiment: Buy Disclosure: Held
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