How to Invest in Stock Options - The Mechanics of Call Options

Investing in the stock market can be particularly tricky.strategy. If the share price rises to $50 a share within
One part of the stock market that many individualthree months, then you have the right to buy it at only
investors seem to have a great deal of trouble$35... at which time you could turn around and sell it on
understanding is the options market. Many people findthe major stock market and pocket the $15 difference
options trading to be incredibly complicated, but theas your profit.
fact of the matter is... it can be quite easy once youThe price of purchasing that option, which is known as
get to know it and understand its workings.a premium, may be just.50 cents. That.50 represents
In this article I want to discuss some of the basics ofbasically the time value of the option and it is usually
stock options as far as the mechanics of call optionsbased on the length of time before the option expires
go. That is I want to talk about what call options areas well as sometimes the likelihood of the stock
and how you can profit from them.actually reaching that specific option price.
There are basically two types of stock options. TheIf most investors think that there is a very large
first kind is called a "call" option. A call option gives youchance that the stock will reach $35 a share, then the
the right to buy a security at a set price sometime inprice of that option is going to be much higher.
the future. The second kind of option is called a "put"The risk involved in purchasing this type of option is
option. A put option gives you the right to sell a securityalso easily understandable. If the price of the share
at a set price sometime in the future.doesn't rise to $35 a share, then your option will expire
I think most of your average investors understand thatand be completely worthless. So what is your risk?
concept fairly easily, but when you get into moreWell, it's easy... you risk that $.50 or whatever it cost
specifics things start to get a little confusing and that'syou to buy the option and you'll lose that money if the
a shame because it's not that much more complicatedshare price doesn't rise above $35 a share.
than what I just said above.Now imagine that the shares have risen in price to $45
I think the best way to explain is to simply give you anper share. Your call option is now worth $10. How did I
example. Imagine a company's stock sells for $30 afigure that? It's easy, you have the right to buy the
share. You want to buy a call option that expires inshare at $35 a share and you can sell that same
three months giving you the right to buy one share ofshare on the market for $45 a share. $45 minus $35
stock in the company for $35. What this means is thatequals $10 which is what your option is now valued at.
anytime in the next three months you have the optionThink about it; that option that you bought for $.50 is
to buy a share of stock for only $35 no matter hownow worth $10!
high the share price has risen too. It's easy toPretty easy huh? Yes it is. Investing in call options
understand how you would make money on such adoesn't have to be any more difficult than that.