is there some how you can place a bet on a stock (that it will go up or down) but not actually buy the stock.
2006-11-22 00:20:48 · 8 answers · asked by Anonymous in Business & Finance ➔ Investing
For many stocks, there is. You can buy a call option on the stock to bet that it is going up. You can buy a put option on a stock to bet that it is going down.
Let me give you an example:
MMM is currently at 81.64. You can buy a April 07 option to buy the stock at 80 for 4.90. If the stock should go to 90 by April, you will have doubled your money. Just hypothetical.
2006-11-22 00:36:26 · answer #1 · answered by Anonymous · 1⤊ 0⤋
Just open an on-line account and buy any stock yourself. When you use an actual stock broker or financial planner that is where the cost comes in for their expertise or their service. But if you have an account with interactive brokers say...it would only cost you about $1.00 a trade. So like today because HD closed at around $25 a share, you could buy 100 shares for $2500 which is your cost, plus $1.00...then given that the stock gains or loses, it would cost you another $1.00 to sell. Same idea with optionsxpress or scottrade....ox would cost you 9.99 in and 9.99 out and scottrade $7 in and $7 out, but certainly not the same as the cost of a full service broker. Good luck!
2016-03-12 21:19:03 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Everyone has already mentioned options (and shorting stock, but that's only if you feel the price is going down). Options give you the flexibility of trading price action in either direction (up or down).
Another means that no one has mention are Single Stock Futures or SSF's for short. They're just like trading futures contracts, but the underlying asset is a specific stock like IBM or Wal-Mart, etc. There is no transfer of share rights and you get no dividends, but you can trade long or short with ease on a specific company and they (the SSF's) are generally written in batches of 100.
So, yes you can trade options for SSF's on the stock without actually owning/buying the shares themselves.
2006-11-23 06:08:08 · answer #3 · answered by 4XTrader 5 · 0⤊ 0⤋
Yes, you can buy put or call options on stocks. You can also sell stock short (and you don't even own it). These are sophisticated investments not for the novice. The saying goes: The pigs get fat, but the hogs get slaughtered. You can get brochures on options trading from any reputable brokerage company. And I recommend to work with a broker while you learn. Start small... and as your experience grows, you can invest larger amounts.
2006-11-22 12:51:00 · answer #4 · answered by Mike S 7 · 0⤊ 0⤋
Options.
2006-11-22 08:41:30 · answer #5 · answered by Anonymous · 0⤊ 1⤋
There sure is. Options. Go to the Yahoo finance page and click on the options sections.
2006-11-22 00:36:52 · answer #6 · answered by angrysandwichguy1 3 · 0⤊ 0⤋
Buy SwissCash and see your return grow every months. Guaranteed.
2006-11-22 03:43:03 · answer #7 · answered by ? 2 · 0⤊ 0⤋
there are betting centers in U.K. where you can.
2006-11-22 01:32:21 · answer #8 · answered by thy1 2 · 0⤊ 0⤋