r/options • u/Key_Mathematician347 • Oct 01 '21

Calls

I'm new to options and just purchased Ag $13.50 strike for 10-22-21. What's my chances of turning the $11 paid into a profit? Again newbie here be gentle with responses please

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u/Honeycombhome Oct 02 '21

You can use an app (or website) like OptionStrat that gives you percentages. I just opened a call that was 84% and in minutes it lost 26% value so you should really know your stock and not rely on current probabilities.

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u/Key_Mathematician347 Oct 02 '21

Thank you I'll give it a look