How to Actually Buy & Sell Options On Moomoo
Placing a Buy Order for Call Options
Matthew Manuel demonstrates the process of buying call options on Apple, selecting two contracts with a specific strike price and expiration. He explains the potential for unlimited profit and the concept of break-even price at expiration. The presenter then navigates to the trade screen, showing how to input the number of contracts and place a limit order at the bid price, ultimately confirming the order submission.
Exiting a Position and Taking Profit
Matthew Manuel demonstrates how to exit an options contract to take profit, specifically selling one of two Apple call contracts. He navigates to the 'sell' option, adjusts the contract quantity, and chooses to sell at the current ask price for immediate execution. The presenter confirms the order fill and reviews the resulting profit, illustrating a successful trade exit strategy.
