Recent content by migreen06

What about in the case of a put?

What is that supposed to mean?

Thank you for your help. I sold it, lost $427 not that bad... at least I learned a lot.

So, follow up question, in this situation, would it be better for me to just exercise it so that I can get those shares for the $105 strike price and sell them for the new price of $254?

Under what circumstances would it be beneficial to let an option reach expiration, expiring worthless?

I spent WAY too much, luckily it's only a simulation. I wasn't completely paying attention, doing too many things at once. Yall are correct, the price I paid, times 100 for each share, is why my profit is in the negative. Thanks for the help!!

I have a call option for microsoft with a strike of $105 that expires in 30 days and the stock price went up to $254. That means that, right now, the running position statement should show a profit... right? According to Think or Swim, the P/L is $-1,242.50! Does anyone know why?