Options - where to start?

[randomtrader]

Option Prices

What do you think a fair price to pay for an option before the markets open?

eg. I think CML is going to go up for the day, the option I want is valued at .17. Should I put an offer in at .17 but then I could miss out on the purchase and end up with nothing. Or should I go a few cents higher to guarantee the sale, or a few cents lower to save some money?

I don't like to buy before opening but with the way stocks fluctuate in the first half hour you can get some great bargains.

My problem is I sometimes work from 6 in the morning and have a very small window for trading (half hour break) at about 9:30, then can't get to a computer till 3pm. I have usually avoided trading altogether if I can't see a screen but I believe in the next week or two there will be a lot of potential in the markets (I could be wrong!).
Any thoughts appreciated.

 

[happytrader]

Hi Randomtrader

The time you spend trading from 9.30 to 10.00 and the fact you can't get to a computer again until 3.00pm is very interesting. If it is working for you just the way it is why in the world would you want to change anything? So you miss afew trades or pay a bit too much, so what? This game is about being net profitable with the least amount of stress! Why not stick to a good thing?

Cheers
Happytrader

 

[randomtrader]

$ Greed $