He clicked "Sell to Close," watching his initial turn into $4,000 . He hadn't needed $15,000 to participate in the gain; he just needed a well-timed contract and a bit of leverage .
"There," Leo thought. "I’ve bought the , but not the obligation , to buy those shares at $160, no matter how high the price goes." buying a call option
He opened his brokerage app and selected the call with an expiration date two months away. The premium was $5 per share. Since one option contract represents 100 shares , he paid $500. He clicked "Sell to Close," watching his initial
AI responses may include mistakes. For financial advice, consult a professional. Learn more He clicked "Sell to Close
Three weeks later, the product launch was a sensation. Nebula Tech’s stock surged to .
