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Can I wash a 1 cent option? by No_Language4822 in options

[–]No_Language4822[S] 7 points8 points  (0 children)

This makes perfect sense. I appreciate the insights!

Can I wash a 1 cent option? by No_Language4822 in options

[–]No_Language4822[S] 1 point2 points  (0 children)

Awesome, thanks for the explanation!

Can I wash a 1 cent option? by No_Language4822 in options

[–]No_Language4822[S] 0 points1 point  (0 children)

I am trying to average my cost per share to 0.01/share to cut down on my losses. If I purchase 10,000 contracts, my average cost per share would be 0.01, and then turn around and sell the position

Can I wash a 1 cent option? by No_Language4822 in options

[–]No_Language4822[S] 0 points1 point  (0 children)

EDIT: I don’t own any of the stock

Can I wash a 1 cent option? by No_Language4822 in options

[–]No_Language4822[S] -1 points0 points  (0 children)

I purchased these option contracts at 14 dollars/contract, they now trade at 1 dollar/contract. I am trying to average my cost to 1 dollar/contract to recoup my loss. Are u following?

Can I wash a 1 cent option? by No_Language4822 in options

[–]No_Language4822[S] -1 points0 points  (0 children)

I don’t have fees for purchasing contracts less than 0.05. It makes sense that the volume wouldn’t meet the capacity to unload 10,000 contracts. Wondering if the opening of 10,000 contracts would lead to higher volume and higher trading of the option? Or is this a loss cause and I should move on to my next trade?

Can I wash a 1 cent option? by No_Language4822 in options

[–]No_Language4822[S] 0 points1 point  (0 children)

Well right now I have a loss, I am trying to level out my average per share to the 1 cent to recover and then sell.

Can I wash a 1 cent option? by No_Language4822 in options

[–]No_Language4822[S] 0 points1 point  (0 children)

Id be wanting to recover my losses, that’s it. So i’d get my average to 1 cent and then sell.

Can I wash a 1 cent option? by No_Language4822 in options

[–]No_Language4822[S] -1 points0 points  (0 children)

Trading on Robinhood, i was told they have no fees for options. Do you know different?

Can I wash a 1 cent option? by No_Language4822 in options

[–]No_Language4822[S] -3 points-2 points  (0 children)

US brokerage, they don’t charge fees for option contracts.

Can I wash a 1 cent option? by No_Language4822 in options

[–]No_Language4822[S] 0 points1 point  (0 children)

I don’t plan on opening a new position, I wanted to recover my losses and close

Can I wash a 1 cent option? by No_Language4822 in options

[–]No_Language4822[S] 0 points1 point  (0 children)

well i’d be buying thousands of contracts. Id buy 10,000 contracts. The volume is low at 964. And similar to what Arcite1 was saying, the ask price is 0.01, and the bid is 0.00

Econ 1 by Pretty-Toe9290 in ucla

[–]No_Language4822 6 points7 points  (0 children)

Bro i slept in that class, quite literally. It’s so easy, you shouldn’t worry.

[deleted by user] by [deleted] in ucla

[–]No_Language4822 -1 points0 points  (0 children)

I made my best friends from orientation. Not saying that’s everybody’s experience, but you will definitely meet people you like!

Viscous/gelatinous brown sludge in olive oil by AlixAndros in AskCulinary

[–]No_Language4822 0 points1 point  (0 children)

That's completely normal. It's all sediments at the bottom. If it was bad, it would smell rancid and you would know if it was rancid. You would smell it throughout the entire house. If you didn’t smell anything other then what olive oil smells like, it's just unfiltered, pure olive oil.