New investor here, still trying to wrap my head around options. I've understood the basics of how to call and put options work and what they do, but I'm still a little confused about how you take profit if the trade works out. First off I don't live in the US, so I have to use Plus 500 if I am to start trading options (if you have any other recommendations please let me know).
Here's my question.
To take a profit from a call option, do I have to exercise the option and buy 100 stocks and then sell them on the market if they're over the strike price. If not, can I sell the option contract itself, and if I sell the contract, do I have any responsibility after I sell it as the seller?
Thanks a ton in advance.
Submitted June 06, 2021 at 03:23AM by a3yuvraj https://ift.tt/3wZVh5h
