How to 'Buy to Open' Call Option on Scottrade - Stock Tricks

Boasted Audio Verison: https://www.youtube.com/watch?v=jPZPOlqJUu8 If you are looking for a Guide to "Buy to Open" a call option but are not sure how to do it then this is a great Starting point. will show you how you want to do it. Purchase GPro Call option More Great Tips (http://reviewoutlaw.com)

Comments

1. I'll probably figure this out before you respond, but your strike price is below the current trading value of the stock so that means you can exercise the option right away right? But of course you don't do that because you would lose your 1600 bucks. But essentially you need the stock to go to 35.50 just to break even right?
2. can you do multiple leg strategies at the same time? like spreads, strangles, straddles, etc? thanks!
3. can't listen to video, speakers r else where. But, from the video I think I got most of it, please correct me if I am wrong. You bought"3 Quantity or 300 shares" at a "$5.50 Limit Price" then plus Trading Fee comes to cost you $1,660.75. This include the Commission Fee of $10.75. You have between the time you bought the contracts to the Expiration set at Apr 15, 2016 to sell contracts, if the stock price goes above $30. The "Strike Price $30" set when you can sell the contracts at, and if the Stock Price does not get above $30 between that time frame then you wash out?
4. I gave it a thumbs down because I was unable to hear (and I cranked the volume ALL THE WAY UP) and could not understand what was being said. Also there was no "Closed Caption available either, otherwise I could have dealt with it. I really like the job Review Outlaw does with his videos and I was disappointed that I was unable to watch this one. (I wanted to learn this specific one too)
5. this for this