So I want to buy a call on $RAD. I know the basics of options but would like some clarity. I have that the strike price is $3.50 expiring on June 16. It tells me the price for that is .16. Guessing that is the "premium". What is the order type/contracts/price type/price that I need to enter to execute this. And what exactly does it mean? My take is that I buy x amount of shares at .16 and anytime before June 16 I can use the price of 3.50? Can anyone break this down for me and clear things up? Am I on the right track here?
Submitted June 07, 2017 at 04:20PM by Steelers2388 http://ift.tt/2rCcbrJ
