Hey guys, new investor here. I am using saxo broker.
I would like to start trading options but have limited knowledge on the matter. Was hoping you guys could shed some light for me.
My doubts are as follows:
- In this picture, https://imgur.com/a/qLzPAta , what is does the price 12.30 mean?
- For quantity, if I selected 10, does that mean the contract is worth 1000 shares
- If in the scenario the strike price is 23 but the actual stock price went up to say 100, must I buy 1000 shares at 23?
- If I were to buy the option now, do I have to pay the premium of 12k upfront?
EDIT: Thanks guys, just want to clarify I will not go into options for now. I just want to learn more about it. Thank you!
Submitted December 07, 2020 at 03:03AM by PythonArt https://ift.tt/2VOeOVT
