Your Questions About Money Making Stocks For 2010

Sharon asks…

Question about buying (and selling) a CALL OPTION?

I know how options work, but I am curious about what happens when I sell the option without exercising it. I have not bought anything yet (although I’m close), but I have a hypothetical situation.

Let’s say the current price of a stock is $12 and I buy a January 2010 call option with a strike price of $17 for $.50 per call. If I have $2000 will that enable me to buy 4000 call options or just 40 call options because the options come in 100 share increments?

If the price of the stock goes up to $25 (in a VERY optimistic scenario), and I want to sell it WITHOUT having to exercise the option how does that work? I’m guessing the price of that option would increase because the stock price increased, but I wasn’t sure if my profit comes from the stock price itself ($25 stock price-$17.50 strike price=$7.50 per call) or if it came from the actual option prices?

I am sorry this is so long, but I think this is a great way to make a profit if you don’t have too much money. Any help would be appreciated, thanks.

John answers:

<<>>

Assuming you are talking about a standard stock option traded on a United States exchange, $2,000 would buy 40 call options trading at $0.50, unless you pay a commission in which case it would likely only be enough for 38 or 39 contracts.

<<>>

You put in a “sell to close” order to close a long option position.

<<>>

It comes from the actual option prices which depend upon several things, one of which is the stock price itself. If the stock price is greater than the strike price, an American-style call option will always be worth at least the difference between the stock price and the strike price, $7.50 in your example. If there is still a lot of time until expiration, or if the stock price is expected to be quite volatile prior to expiration, the call option can be worth significantly more.

Mandy asks…

What’s wrong with my resume? No one will hire me! HELP! Desperate and sad!?

Objective
To obtain a full time position where I can utilize my administrative and communication skills, as well as my experience to make a positive contribution to the company.

Work Experience
Job
Job Location
October 2011-December 2011
Assist in floor moves, merchandising, display maintenance and housekeeping
Assist in processing and replenishing merchandise and monitoring floor stock
Aid customers in locating merchandise
Communicate customers request to management
Participate in inventory and cycle counts
Complete understanding of pricing
Sell consultatively and make recommendations to prospects and clients of the various solutions the company offers to their issues.
Ability to take and record customer measurements, fitting techniques, knowledge and understanding of merchandise features.
Maintain contact with all clients to ensure high levels of Client Satisfaction.

Traveled to New York
Janurary 2011-July 2011

Job
Job Location
August 2010-December 2010
Ensure that each customer receives outstanding service by providing a friendly environment, which includes greeting and acknowledging every customer, maintaining solid product knowledge and all other aspects of customer service.
Assist in floor moves, merchandising, display maintenance, and housekeeping
Assist in processing and replenishing merchandise and monitoring floor stock.
Aid customers in locating merchandise.
Communicate customer requests to management.
Assist in completing price changes within the department.
Participate in year-end inventory and cycle counts.

Job
Job Location
September 2008-January 2010
Answer telephones and transfer to appropriate staff member.
Meet and greet clients and visitors.
Create and modify documents using Microsoft Office.
Print office documents.
Make changes to website and documents using Adobe Photoshop and Illustrator.
Fax, photocopy, mail documents to customers.
Maintain hard copy and electronic filing system.
Sign for and distribute UPS and Fed Ex packages..

Job
Job Location
January 2007 – September 2007
Receive payment by cash, check, credit cards, vouchers, or automatic debits.
Issue receipts, refunds, credits, or change due to customers.
Count money in cash drawers at the beginning of shifts to ensure that amounts are correct and that there is adequate change.
Greet customers entering establishments.
Maintain clean and orderly checkout areas.
Weigh items sold by weight to determine prices.
Identify prices of goods,and tabulate bills using calculators, cash registers.
Bag items for customers.
Process merchandise returns and exchanges.
Sort, count and wrap currency and coins.
Stock shelves at the end of shift.
Clean up check out area at the end up shift.

Job
Job Location
February 2004 – May 2008
Greet, welcome and usher patrons to their seat and provide the menu.
Know the menu items individually to answer customers questions about any of them.
Take orders from customers ensuring they are part of the menu and offer house specialties and promotional items.
Ensure kitchen receives orders with the specific requests of customers.
Serve the meals and drinks without any accident.
Regularly check with customers to ensure they are enjoying their meals and to make yourself available for any requests or to address problems which you need to resolve immediately.
Present client with bill, ensuring the items are accurate and collect payment for processing by the cashier.
Clean tables or counters after customers have finished dining.
Prepare hot, cold, and mixed drinks for customers, and chill bottles of wine.
Prepare tables for meals, including setting up items such as linens, silverware, and glassware.
Perform food preparation duties such as preparing salads, appetizers, and cold dishes, portioning desserts, and brewing coffee.
Stock service areas with supplies such as coffee, food, tableware, and linens.
Fill salt, pepper, sugar, cream, condiment, and napkin containers.

Languages
Creole, French and English

Computer Skills
Windows, Apple, MS Word, Excel, Outlook, Powerpoint, Adobe Photoshop, Illustrator, Dreamweaver and Internet.

I am trying to get a administrative assistant position. Tell me whats wrong with my resume please. I also send a cover letter.

John answers:

It’s okay. Just calm down. It usually takes some time for employers to review your resume. Just keep applying for different companies, someone will contact you soon.

Also, try to visit different job search engines such as Monster.com, Indeed.com, or Careerbuilder.com, or Craigslist.com. Sign up and post your resume on these sites. Trust me, it will help you!

And don’t get upset and depressed about it. Just keep trying. Your resume is outstanding, by the way. I wish my work history would look like yours. Just remember to add your references!

Lizzie asks…

What’s wrong with my resume? Desperate for a job!!!?

Objective
To obtain a full time position where I can utilize my administrative and communication skills, as well as my experience to make a positive contribution to the company.

Work Experience
Job
Job Location
October 2011-December 2011
Assist in floor moves, merchandising, display maintenance and housekeeping
Assist in processing and replenishing merchandise and monitoring floor stock
Aid customers in locating merchandise
Communicate customers request to management
Participate in inventory and cycle counts
Complete understanding of pricing
Sell consultatively and make recommendations to prospects and clients of the various solutions the company offers to their issues.
Ability to take and record customer measurements, fitting techniques, knowledge and understanding of merchandise features.
Maintain contact with all clients to ensure high levels of Client Satisfaction.

Traveled to New York
Janurary 2011-July 2011

Job
Job Location
August 2010-December 2010
Ensure that each customer receives outstanding service by providing a friendly environment, which includes greeting and acknowledging every customer, maintaining solid product knowledge and all other aspects of customer service.
Assist in floor moves, merchandising, display maintenance, and housekeeping
Assist in processing and replenishing merchandise and monitoring floor stock.
Aid customers in locating merchandise.
Communicate customer requests to management.
Assist in completing price changes within the department.
Participate in year-end inventory and cycle counts.

Job
Job Location
September 2008-January 2010
Answer telephones and transfer to appropriate staff member.
Meet and greet clients and visitors.
Create and modify documents using Microsoft Office.
Print office documents.
Make changes to website and documents using Adobe Photoshop and Illustrator.
Fax, photocopy, mail documents to customers.
Maintain hard copy and electronic filing system.
Sign for and distribute UPS and Fed Ex packages..

Job
Job Location
January 2007 – September 2007
Receive payment by cash, check, credit cards, vouchers, or automatic debits.
Issue receipts, refunds, credits, or change due to customers.
Count money in cash drawers at the beginning of shifts to ensure that amounts are correct and that there is adequate change.
Greet customers entering establishments.
Maintain clean and orderly checkout areas.
Weigh items sold by weight to determine prices.
Identify prices of goods,and tabulate bills using calculators, cash registers.
Bag items for customers.
Process merchandise returns and exchanges.
Sort, count and wrap currency and coins.
Stock shelves at the end of shift.
Clean up check out area at the end up shift.

Job
Job Location
February 2004 – May 2008
Greet, welcome and usher patrons to their seat and provide the menu.
Know the menu items individually to answer customers questions about any of them.
Take orders from customers ensuring they are part of the menu and offer house specialties and promotional items.
Ensure kitchen receives orders with the specific requests of customers.
Serve the meals and drinks without any accident.
Regularly check with customers to ensure they are enjoying their meals and to make yourself available for any requests or to address problems which you need to resolve immediately.
Present client with bill, ensuring the items are accurate and collect payment for processing by the cashier.
Clean tables or counters after customers have finished dining.
Prepare hot, cold, and mixed drinks for customers, and chill bottles of wine.
Prepare tables for meals, including setting up items such as linens, silverware, and glassware.
Perform food preparation duties such as preparing salads, appetizers, and cold dishes, portioning desserts, and brewing coffee.
Stock service areas with supplies such as coffee, food, tableware, and linens.
Fill salt, pepper, sugar, cream, condiment, and napkin containers.

Languages
Creole, French and English

Computer Skills
Windows, Apple, MS Word, Excel, Outlook, Powerpoint, Adobe Photoshop, Illustrator, Dreamweaver and Internet.

I am trying to get a administrative assistant position. Tell me whats wrong with my resume please. I also send a cover letter.

John answers:

I answered this yesterday.
You must take Creole out. It is not a “real” language.
And it is obvious that you know English.
No need to put that there.
You did not read your other answers. Dissapointing.

Mark asks…

BIG PROBLEM with My Call Options?

Ok, I’m just trying to take in all the answers I’ve received. Some of the people are saying completely different things.

The Stats:
– .KGZAR option symbol (Bank of America call options)
– Bought 40 call options @ .03 per contract
– Premium – $120, that’s: (.03 x 100) x 40 = $120
– Strike price: $7.50
– Current stock price: $7.67
– Currently $0.17 in-the-money
– Current .KGZAR call option ask – .03 (same as when I bought it)
– Current .KGZAR call option bid – .01
– Expiration – Jan. 2010

Problem – I didn’t realize that the call options I bought were actually ADJUSTED options from Countrywide when they merged with Bank of America. So, apparently, each call option only has 18 shares instead of the standard 100 shares. I still had to pay fully as if it were 100 shares, however.

My Questions
– How does this effect my ability to sell and/or exercise my 40 call options for a profit? Please explain.

p.s. – I will NEVER make this mistake again! I knew it was too good to be true when I saw how cheap this option was and how close it was to the strike price with all the time I had before expiration! Haha. But it’s all good.

John answers:

<<>>

It means the stock price will almost certainly have to increase quite a bit more from its current level before anyone will be willing to pay you enough for you to be able to make a profit.

William asks…

What is wrong with my resume?

I’ve asked this question before and I’m asking again. I’ve sent hundreds of resumes out and no call backs. Not even for a interview. I ALWAYS send my resume with a cover letter and I adjust it for each job. I’m getting desperate! My unemployment is almost finished so please give me your honest criticism.

Objective
To deliver professional, courteous and customer focused front desk services as a administrative assistant in which my communication and organizational skills can be optimized for success in this position.

Work Experience
Sales Associate
October 2011-January 2012
Assist in floor moves, merchandising, display maintenance and housekeeping
Assist in processing and replenishing merchandise and monitoring floor stock
Aid customers in locating merchandise
Communicate customers request to management
Participate in inventory and cycle counts
Complete understanding of pricing
Sell consultatively and make recommendations to prospects and clients of the various solutions the company offers to their issues.
Ability to take and record customer measurements, fitting techniques, knowledge and understanding of merchandise features.
Maintain contact with all clients to ensure high levels of Client Satisfaction.

Sales Associate
February 2010–September 2011
Ensure that each customer receives outstanding service by providing a friendly environment, which includes greeting and acknowledging every customer, maintaining solid product knowledge and all other aspects of customer service.
Assist in floor moves, merchandising, display maintenance, and housekeeping
Assist in processing and replenishing merchandise and monitoring floor stock.
Aid customers in locating merchandise.
Communicate customer requests to management.
Assist in completing price changes within the department.
Participate in year-end inventory and cycle counts.

Administrative Assistant
September 2008-January 2010
Answer telephones and transfer to appropriate staff member.
Meet and greet clients and visitors.
Create and modify documents using Microsoft Office.
Print office documents.
Make changes to website and documents using Adobe Photoshop and Illustrator.
Fax, photocopy, mail documents to customers.
Maintain hard copy and electronic filing system.
Sign for and distribute UPS and Fed Ex packages..

Cashier
January 2007 – September 2007
Receive payment by cash, check, credit cards, vouchers, or automatic debits.
Issue receipts, refunds, credits, or change due to customers.
Count money in cash drawers at the beginning of shifts to ensure that amounts are correct and that there is adequate change.
Greet customers entering establishments.
Maintain clean and orderly checkout areas.
Weigh items sold by weight to determine prices.
Identify prices of goods,and tabulate bills using calculators, cash registers.
Bag items for customers.
Process merchandise returns and exchanges.
Sort, count and wrap currency and coins.
Stock shelves at the end of shift.
Clean up check out area at the end up shift.

Hostess/Server
February 2004 – May 2008
Greet, welcome and usher patrons to their seat and provide the menu.
Know the menu items individually to answer customers questions about any of them.
Take orders from customers ensuring they are part of the menu and offer house specialties and promotional items.
Ensure kitchen receives orders with the specific requests of customers.
Serve the meals and drinks without any accident.
Regularly check with customers to ensure they are enjoying their meals and to make yourself available for any requests or to address problems which you need to resolve immediately.
Present client with bill, ensuring the items are accurate and collect payment for processing by the cashier.
Clean tables or counters after customers have finished dining.
Prepare hot, cold, and mixed drinks for customers, and chill bottles of wine.
Prepare tables for meals, including setting up items such as linens, silverware, and glassware.
Perform food preparation duties such as preparing salads, appetizers, and cold dishes, portioning desserts, and brewing coffee.
Stock service areas with supplies such as coffee, food, tableware, and linens.
Fill salt, pepper, sugar, cream, condiment, and napkin containers.

Languages
French (up to 5th grade level)

Computer Skills
Windows, Apple, MS Word, Excel, Outlook, Powerpoint, Adobe Photoshop, Illustrator, Dreamweaver and Internet.

References Available Upon Request

John answers:

You don’t need to put an objective on your resume; they’re becoming pretty obsolete. Also, you only need 3 or 4 past positions to show that you’re experienced. Try including some hobbies and activities; something more personal that shows what you’re like will help a lot. Showing personality as much as possible is a great thing for a resume.

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