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Questcor Pharmaceuticals, Inc. (QCOR) Message Board

  • noquickgame noquickgame Jun 27, 2013 3:42 PM Flag

    Beginner's luck

    never traded options before. and here I am, with some Q options all in green (wow). 30 contracts due in July.
    here is my question. i can sell the contracts and make a profit. I can also exercise the option (strike at $40), but then i need to find the money. What's the benefit of buying the stock instead of selling the option? isn't exercising the option equivalent to selling the option then buying the stock in the open market? wouldn't the 2nd approach give me more flexibility? please advise.
    and when to exercise if I decide to buy the stock? wait until right before the expiration? why?
    by the way, i am long. thanks.

    Sentiment: Buy

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QCOR
94.90-2.03(-2.09%)Jul 25 4:00 PMEDT

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