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This group is for brand new option traders. If you've never traded an option, this groups for you. Although... we would like to have some experienced option traders to help us through the more difficult trades. I will start this group with a simple covered call. This will be my first option trade, so the excitement starts right away. We will be using The Options Playbook as our guide. Everybody can ask all and any questions without the fear of looking like an idiot.

Active Since 10/21/08

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Options for Beginners Forum > Open interest
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daved

Member since: Feb 09

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I just bought a Sept 1350 call on SPX - I mistakenly bought this with an open intersted number of 0. Did I screw up up? I usually try to buy options with lots of open interest, but wasn't paying too close attention when I did this.
Will there be more interest in this option as the expiration date gets closer? Thanks.
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sportsjp2

Member since: Jul 09

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Age: 30's
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It's usually best to get into options with not less than 100 open interest.