Understanding Stock Options

Submitted by jbellendir on Sun, 02/27/2011 - 13:08

I was talking to one of my investor friends last week and he gave me a quick rundown of stock options and a very easy way to understand them. I thought I would write up our discussion here and further simplify things for someone that is looking to get into trading and buying stock options.

What is a stock option?
As defined by Princeton.edu, a stock option is…the right to buy or sell a stock at a specified price within a stated period. So when we look at stock options we need to be thinking…will this stock increase and surpass the strike price stated by the stock option during the stated period? If you think the stock is going to appreciate past the strike price of the option, then we should buy it! Let’s look at a hypothetical example:

A stock in February is valued at $10.

In February, you purchase 2 May call options for $0.05 with a strike price of $20. So your total cost is:
100 x 2 x $0.05 = $10.

Let's explain how we get the $10, as you might have gotten confused by where the 100 number came from.
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Need to de-authorize a computer from your itunes account?

Submitted by jbellendir on Sat, 02/26/2011 - 18:43

Sometimes our computers crash, sometimes we get so frustrated with itunes that we remove it from our computers and delete all the system files. But Apple doesn't de-authorize the computer (or should I say that software install). So even though you reinstall it to the same computer, it is still authorized to that previous install. And Apple limits you to 5 total. So since that software is LONG gone, there is no way to de-authorize it. So how do you do it?!!!?
 

Well, only one way, de-authorize all computers and then go back and authorize them. Why do they limit you to 5 computers anyways?!?!? Beats me...but here is how you do it..

http://support.apple.com/kb/ht1420


Purchased an app or song by mistake from the apple store? Odds are you just lost your money, but you can beg apple for a refund.

Submitted by jbellendir on Sat, 02/26/2011 - 18:40

Here is the process to claim a refund of your purchase from the apple store. The odds are not in your favor, but maybe if you tell Apple their products are really cool and you own 20 think different shirts in the various colors of the rainbow they might give you that refund...they like their ego stroked.

Here is how...
http://www.labnol.org/software/itunes-app-store-refunds/13838/
 


How to Create an itunes account without a Creditcard

Submitted by jbellendir on Sat, 02/26/2011 - 18:38

Some of us don't want to give apple our credit card information nor do they want a mobile device to have access to make credit card purchase with a click of a button. Especially since Apple does a poor job at ensuring correct purchases are made, they also don't honor returns, so all sales are final.

So if you just want to enjoy downloading free apps from the apple store you can create an account without a credit card, this is also good for creating itune accounts for different countries since Apple restricts your purchases to the country you have registered for. Because in Apple's mind, why would you want to purchase apps from another country. Well for us Americans living in a foreign country or speaking multiple languages, we may want to download apps from both the US and the country we live in. So here you go, just create another email account on gmail or some email company of your liking and create a non creditcard itunes account...

http://support.apple.com/kb/ht2534


International American Business Person...You need a Hyatt Passport Creditcard in your wallet!

Submitted by jbellendir on Sat, 02/26/2011 - 18:32

If you are an American living aboard and you keep a US credit card in your wallet than you will want to sign yourself up for a Hyatt Visa card through Chase.

Why you ask?!?!

Well because other US banks tend to rob you on their exchange rates. Most banks across the board are now charging a 3% exchange rate on your overseas purchases. Most banks in Japan for example only charge 1% on top of the market rate to exchange foreign currency to Japanese Yen.

The Hyatt Visa offers NO foreign transaction fees. When I spoke to the rep, they confirmed that my charges do not incur transaction fees. So the way I interpret this, is that my charges get charged at the current foreign currency exchange rate. So if the market rate is 100 yen to a dollar, then my purchase of 1000 yen will show up on my credit card as a 10 dollar purchase.

You can't beat that! Also, Hyatt gives you one point per dollar spent to use to redeem for free nights at their hotels worldwide. So what are you waiting for?!?! Head over to hyatt.com to sign up for their rewards program and get their visa card. Also, after your first purchase, they give you a free 2 nights stay in any of their hotels worldwide. Do I need to sell this any further? Oh you probably already left my site. Enjoy!
 


iherb.com - discount vitamins and supplements and speedy International delivery!

Submitted by jbellendir on Wed, 02/23/2011 - 12:02

 

Use this discount code for first time users: DIR792 and get $10 OFF your first purchase at iherb.com in addition to enroll in their rewards program!

I wanted to share a fantastic website I found a few years ago that I have been using ever since. It's called iherb.com and it's a discount supplement, vitamin, and supply store that has extremely low prices and very cheap and speedy international shipping.

They deliver worldwide with a focus on China, Japan, Mexico, and Korea. Most of the time you wont even be charged a custom tax if your order is less than 150$, which it usually is. Read more »

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Vest vs. Cummerbund with my Wedding Tux, which to go with?

Submitted by jbellendir on Thu, 02/10/2011 - 16:13

I have been shopping for items to go with my Tuxedo for my wedding and I can't decide which style to go with. Here are a couple different styles I like but looking for some opinions...


Wing collar w/ pleats, Studs, Black bow-tie and Black Cummerbund with Notch Tuxedo



Satin Platinum Cravat Tie with Satin Platinum vest with matching pocket square with peak lapel tux and wing collar shirt non pleated.



Black large bowtie, pleated laydown shirt w/ studs, and notch lapel tux



Silver Cravat tie with matching vest and pocket square with wing collar pleated shirt and notch tux


Standard black bowtie and cummerbund with pleated laydown shirt w/ studs and white pocket square with notch tux


Wing collar shirt non pleated with color bowtie and matching cummerbund and pocketsquare with peak tux.


New articles posted to the internet

Submitted by jbellendir on Sun, 01/16/2011 - 23:05

I have finally published a few more articles that I have been meaning to publish for a while. I still have a bunch of other great tutorials and articles that I would love to get out on the web, but I just have not had enough free time to proof read them and clean them up. But I have just released a good 8 or so articles, you can check them out by visiting my publication section on my website here: http://www.jbellendir.com/publications


New favorite software - Dropbox.com

Submitted by jbellendir on Mon, 01/03/2011 - 23:10

http://db.tt/Yf2jmDRI wanted to plug dropbox.com because I think they have made an amazing piece of software that is definitely needed by most telecommuters and people on the run or people with multiple computers in multiple locations. Also, if you just want to have a secure backup copy of your most important files, it also comes in very handy.

So what is Dropbox.com?
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