I placed a trade option, a call, to buy stock at $7.50, with a limit price of $0.05.. What does the limit price mean?

I have one contact, I put the limit price of $0.05.. Because I put $0.05 I had to pay $5.00 for the contract.. So what does the limit price mean? It says I have 1 contract at $0.05.. 

3 respuestas

  • Sumi
    Lv 7
    hace 1 mes

    You need to move your question out of the "Cameras" forum.

  • hace 1 mes

    If you don't understand what you are being told about stocks, 

    you should STOP RIGHT THERE and Learn. 

    I see the stock market as a money pit for most people. 

  • Anónimo
    hace 1 mes

    You should not be gambling in the stock market if you do not know what the terms of the contract mean.

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