Put Option Help

[tdigs]

Im fairly new at trading options and I need assistance on what to do with a put option that I bought about a month ago. I bought an April $35 put option when the stock was at $45. It is now at $36. What do I when it hits $35 or lower?

Thanks
Tony

[Globalprofits]

I have not long started an options course, if i was you i would go to and ask Bill, he is a legend option's trader and very helpful.

I hope this helps.

GP :)

[jbass]

I actually recently came across a great book "The Power Curve" by Scott Kyle that talks about options trading. It touches on the fundamental, technical, and psychological areas of trading and was really helpful for someone like me whose knowledge on options was very basic. I highly recommend the book to anyone who wants to learn more about options or just trading in general. If you go on the website, thepowercurve.com you can actually read more about the author and check out the first chapter of the book.

[jbass]

Tony,

I am glad that i saw your post and i hope i can still help you out. my colleagues have been raving about this new book, The Power Curve, by Scott G. Kyle. The book is very insightful and offers great advice that beginner traders and experts can use. I read the book myself and found it to be very helpful as i too am pretty new to stock options. If you are interested you can actually read the first chapter online at thepowercurve.com. Good luck and let me know how it goes.

-john

[jbass]

I am a money manager and trader myself specialized in options. My associates and I recently came across a new book "The Power Curve" by Scott G Kyle. We were all very impressed after reading the fist chapter. This guy was able to compile valuable trading strategies that I practice daily, it even taught me a few things I didn't know. The book is an easy enough read that even beginners can benefit from. Speaking from personal experience and watching other people, options are very risky if you don't have a VERY extensive understanding on how they work. Make sure you spend time researching and learning from the experience of others. I highly recommend this book for that same reason. The author has years of experience managing portfolios for high net worth individuals and is a very successful investor. Check out the book's website thepowercurve.com to read the first chapter. It will not disappoint you.

Good Luck

[jbass]

I am a financial manager and a trader myself specialized in options. My associates and I recently came across a new book, "The Power Curve" by Scott G Kyle. We all found the book to be extremely insightful and practical as the author was able to compile strategies and concepts that I practice daily and even teach me a few new things about trading. The book is an easy read, suitable for both beginning and experienced traders. He starts off with basics but also presents more complex concepts further into the book. Speaking from person experience and years of watching others, options are very risky if you are not extremely knowledgeable on the subject. I suggest that you preform extensive research on options and more importantly talk to people with experience. Which is why I highly recommend this book. The author has years of experience as a money manager organizing separate accounts for high net worth individuals. Take some time to check out the book's website thepowercurve.com and you will see why I am such a strong supporter of the book. I think you can also access the first chapter to read online.

Good luck.

[jbass]

If you are looking to increase your knowledge about the stock market then Id definately recommend this book. It deals with the detailed issues and ways of the stock market(options trading) and focuses on the use of compounding investments to reduce risks while simultaneously working towards increasing returns.

This is definately a must read for anyone who wants to gain more knowledge of the market.

You can go and have a look at the first few pages of the book on

Good Luck!!