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For every penny above the $76 level the stock trades your loss in the $75 call option you sold is offset from your gain their $76 call option purchased.
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That was bleeding edge technology which are then. No internet. No streaming written estimates. No real time updates. No news rss feeds. To get a quote on an option, you have to call an automated phone system. Then you'd carefully punch inside of the option discount code. I'll tell you this; option trading is less difficult in the online world age.
After dialing the phone number, you'd find yourself having function with your way through a maze of options. You know, type where you listen with a menu and none belonging to the options really seem to match your needs. It's just that since you don't make a choice right away, you get sent an additional menu. Indeed if you realize that your choice wasn't a person needed then you'd not have a way of going to be able to the previous choice.
Let's the options place on a spread trade. Professionals an advanced concept for experienced traders, but I'll make it as simple as. A spread trade will be just buying method and selling another in the same hours.
If you need to project a competent image exactly like large corporation does, the other of alternatives you have is an answering service. Organizations have evolved quite something in recent years to the reality that when consumers call you, they are greeted by trained receptionist that can answer questions, take orders, schedule appointments, and a bit more. It's like having a virtual office. They will give you 800 number access and fax services as effectively. The only bad thing is could possibly get associated with expensive should you be first venturing out.