Buffalo Bill Legend   Posts: 539 Joined: 10/3/2006 Location: Stafford, VA  User Profile | FFT I use IB If with IB I have a $15k acct and use 1% allocation then I have allotted $150 per trade. So for 1 contract - 100 shares - each option has to cost $1.50 or less to buy (100 x $1.50 = $150) so you're limited to that price range. Volatility is high therefore Opt prices are up - my ATM method bought MSFT calls today and they were much more than $1.50 each. You may be able to get that low of an Opt price by buying longer term calls, but if you're trying to buy 14 days out it will be hard right now. Another possibility is buying options that are OOM by a buck or two. I'm paying more for ITM +1 but like the results better than OOM. FWIW | |
