Apple Inc. (AAPL): How To Buy 10 Shares For Less Than A $100 Bucks
BillionairesPortfolio.com: On Monday March 18, the CBOE, the Chicago Board of Options Exchange plans to list mini Options on some of the most high priced and liquid stocks in the market including everyone’s favorite stock Apple Inc. (NASDAQ:AAPL).
Here is how a mini option will work, it will act just like a regular options contract, allowing you to buy calls or puts at various strike prices for a stock like Apple. The big difference is that the mini option will be a lot less expensive more than 1/10 the price of a regular option. The reason for this is a mini option contract will allow you to control 10 shares of a stock per contract instead of the 100 shares which a normal option contract controls.
This is huge news for people who have always wanted to trade options on Apple Inc. (NASDAQ:AAPL) and Google Inc (NASDAQ:GOOG), since regular option contracts cost thousands of dollars on these stocks. With the new mini options contract you will be able to buy one option contract which will control 10 shares of Apple for as little as $90. Here is how it will work; right now a March in the money Apple $450 call will cost you $9.50 or $950 dollars. With the new mini options contract this same call option at the $450 in the money strike price will only cost you $.95 cents or $95 dollars to control 10 shares of Apple stock wow!!!. That’s right you will be able to control 10 shares of Apple stock for only $95 dollars.
Stay tuned on this, I will be commenting on mini options almost every day for the next month at my website www.billionairesportfolio.com, as well as offering a trading service on how to trade mini options with as little as a $500 account.
Editor of The Billionaires Portfolio