I posted my reply to you after reading your query
and before reading the other posts that intercepted
your question.
Going forward, avoid the
unnecessary abuse from those that want to build themselves up
by tearing others down. Write me at my e-mail
address with any future questions. (You can keep your
identity secure by getting a free e-mail box, under an
alias, at hotmail.com, sofcom.com and others.) Then, you
won't get hammered for going through the learning
process that we all must go
through.
----------------------------------------------
Since you've already been hammered, let me be more
direct. The $60 November Call is a long shot. The prudent
thing would be to sell it for a loss and to chalk it up
to experience. (It MIGHT win for you, but holding it
is betting against the house.)
IF you want to
get back up on the horse right after being thrown,
the January $50 CALL is a better play. Or, if Intuit
continues down sharply tomorrow, perhaps the $45 CALL will
be better still.
It depends on how you
believe: a) the market and b) Intuit are likely to perform
between now and the third Friday of January. If you're
uncertain, there will be a LOT of other chances to try your
hand at options.
Try "Options as a Strategic
Investment." It's a thick but readable book.