If you are serious - you need some more information and experience before you trade and lose money - my opinion
You don't buy margin - you buy (stock ) on margin
Buying options is speculative - I have never know anyone - ever - that has consistenly made money trading options
You will hear people bragging that they make money trading options - they are full of it - they may make money on a few trades - but in the end - they will lose
If you think VMW is going up to $150 by Friday - or even close - or even go up - buy the stock
I think you must be full of it
My quote screen - real time - says there were no contracts opened today
You opened 1055 contracts at $.10 ??? - over $10,000 ???
The market makers must love you
I'm sure they will sell you all the contracts you want
It looks like the market is starting to go back up, and China hits a new all time high every day, so I think VMW will too. My .05 wouldn't fill and I was afraid they were going to raise the ask to .15 so I bought in 1055 contracts at .10. If the ask goes up to .20 I might buy some more because of momenteum.
There is almost a 100% chance you will lose all your money
In the first place the $150 price was wrong - it was corrected this morning to $125
Also - even if the $150 was the correct upgrade price - the Oct calls expire this Friday - do you really think this stock is going to go up $45 + dollars in 5 days ???
If you still want the calls - put in a bid at $.05 - you will probably get it
I think VMW could go up that much in a few days - wasn't it climbing about 5 to 10 points a day over the last couple weeks? I think people will think that VMW will beat earnings estimates and could even drive it up 10 to 15 points a day (since earnings is so close).