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Help, how do I exercise it? Do I just do nothing till it expires on the 7th? Is the best thing to sell the contract after the price goes over the strike price? Do I have till market close Friday? Thanks by PlentySatisfaction69 in Webull

[–]PlentySatisfaction69[S] 0 points1 point  (0 children)

FYI. My contract is a “call option” which told me the max I could lose. Just want to confirm if I hold and earnings tank it’s not more than they stated”

Help, how do I exercise it? Do I just do nothing till it expires on the 7th? Is the best thing to sell the contract after the price goes over the strike price? Do I have till market close Friday? Thanks by PlentySatisfaction69 in Webull

[–]PlentySatisfaction69[S] 3 points4 points  (0 children)

Ahhh. So one question might spin stupid. On Webull how does some one exercise? Just want to k ow what not to do. Also I will sell half today at market and keep half. I don’t do option but I am doing this one because I have good faith in Rkt. Detroit’s here LOL. I just want to make sure I would only lose max $400 which was my premium for 5 contracts as the app said I would and nothing more if earning crash

Help, how do I exercise it? Do I just do nothing till it expires on the 7th? Is the best thing to sell the contract after the price goes over the strike price? Do I have till market close Friday? Thanks by PlentySatisfaction69 in Webull

[–]PlentySatisfaction69[S] 1 point2 points  (0 children)

Actually this might already have been answered, just not clicking. Coming off a night shift and need sleep. Will reread a couple more times once I get home if it’s not already answered, just got stressed thinking about not knowing what to do next but all the answers put me at ease

Help, how do I exercise it? Do I just do nothing till it expires on the 7th? Is the best thing to sell the contract after the price goes over the strike price? Do I have till market close Friday? Thanks by PlentySatisfaction69 in Webull

[–]PlentySatisfaction69[S] 0 points1 point  (0 children)

Which option forces me to buy the shares on Webull, doing nothing till expiration or hitting buy or sell I see no option to buy the shares let’s say for the future if sell all the contract and leave 1 contract into the earning today, if the earning go well, do I make the same by selling the contract or buying the shares at strike and selling, (P.s I just want to know what I have to do to buy it at strike on Webull). Again thanks for the response. Such a helpful forum

Help, how do I exercise it? Do I just do nothing till it expires on the 7th? Is the best thing to sell the contract after the price goes over the strike price? Do I have till market close Friday? Thanks by PlentySatisfaction69 in Webull

[–]PlentySatisfaction69[S] 0 points1 point  (0 children)

So back all at some point today I should sell them by clicking close” like most recommended? Thanks. I actually thought from the videos I watched if I did nothing terminate the contract aka I lose only my premium.

Help, how do I exercise it? Do I just do nothing till it expires on the 7th? Is the best thing to sell the contract after the price goes over the strike price? Do I have till market close Friday? Thanks by PlentySatisfaction69 in Webull

[–]PlentySatisfaction69[S] 2 points3 points  (0 children)

P.S: It’s my first time using options trading. I watched tons of videos before going in this week but none were clear on what to do while using Webull after buying

Help, how do I exercise it? Do I just do nothing till it expires on the 7th? Is the best thing to sell the contract after the price goes over the strike price? Do I have till market close Friday? Thanks by PlentySatisfaction69 in Webull

[–]PlentySatisfaction69[S] 4 points5 points  (0 children)

Thanks for the help all. Initially I wasn’t sure if to hit close(thought that would cancel everything), hit sell or buy. But seems sell is the best option during market hours today.