Directional
Long call
Buy a single call.
Index goes upOpens for a debitNew to optionsLoss capped
How it works
The simplest bullish position. Loss is limited to what you paid, the upside is not capped, and there is nothing to manage beyond deciding when to get out.
What it costs you when you are wrong
Most bought options expire worthless. Time decay takes value from you every single day, and it accelerates into expiry — so being right about direction but late by a week still loses the whole premium.
The position
- 1Buy the call at the money
- Enter
- 6 trading days before expiry
- Exit
- hold to expiry
- Legs
- 1
Test it yourself
This runs against real historical market data. Nothing is uploaded, nothing is stored, and the result is not a prediction — it is what this rule would have done, on that index, in that year, with the costs shown.