: Buy a Call . This gives you the right to buy 100 shares at a set price (the strike price ).
: Transfer cash to cover the premium (the cost of the contract) and any potential brokerage fees. 2. Choose Your Strategy Decide on your outlook for a specific stock: how to buy options
: The price you pay. Remember, one contract represents 100 shares , so a quoted price of $2.00 actually costs $200 . How to Trade Options: A Beginner's Guide - Tastytrade : Buy a Call
: Unlike stocks, you must apply for options trading. Brokers will ask about your financial situation, experience, and goals to assign you an "options level". one contract represents 100 shares