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Ok, let's try this again.
You can buy almost 40 contracts at $50 apiece. Save cash for the commissions.
Your options would be worth at least $8 apiece in the scenario you describe. To sell, you just enter an oder tos ell the specific options you own. Just as you will buy them first, you sell them later.
The process is similar to trading socks and is not difficult.
This may be a great way to make money when you have little, but the probability is high that you will lose the little you have, rather than earn any more.
Buying options is a difficult game and few win.
Mark
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