options

  1. 17 Posts.
    hi all
    just a question on options

    if you buy a bhp call for say 9.00, premium of 0.10 and the share price rises to 9.50 you have made a profit of .40. my question is, assuming an american expiry. can you sell the contract and receive cash or do you have to take delivery of the physical bhp shares how would a contract such as this be closed out

    also does anyone know of some options sites that explain fundamentals clearly

    cheers all

 
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