BAC september 3 options

[justfortrends]

Hi,
anyone know why BAC has options which expire this Friday (september 3rd)? I was under the impression that all options expired on the third friday of the month. I mistakenly bought some ( $13 call ) thinking they were the the september 18 ones. Oh well... alteast it was very little money

 

[mindtrade]

Quote from justfortrends:

Hi,
anyone know why BAC has options which expire this Friday (september 3rd)? I was under the impression that all options expired on the third friday of the month. I mistakenly bought some ( $13 call ) thinking they were the the september 18 ones. Oh well... alteast it was very little money

Weekly options?

 

[MoreYummy]

must be the new options type for a few selected, BAC is one of them.

 

[viruscore1]

Occasionally, underlying co publish options for special purpose. They are not available for retail trade.

 

[justfortrends]

Quote from ForexForex:

I figured someone would get confused with the weeklies. Didn't the low price tip you off?

http://www.elitetrader.com/vb/showthread.php?s=&postid=2887921#post2887921



---------

just starting trading options a few weeks. I seriously thought I was getting a bargain. Oh well.. looks like I just might get out with a little extra.

 

[justfortrends]

wow .. now that is what I call a lucky mistake...

 

[MoreYummy]

100% return?

 

[justfortrends]

bought at .03 yesterday sold at .11 today so it was more like 200%
looks like it could have been 400% if I had waited

oh well.

 

[justfortrends]

So as hard it was go and check what I would have had I held on..I did This option had a high of .67 cents today so basically I would have had 21 dollars for each dollar I put in.. :eek: