r/options_trading

I'm brand new to TastyTrade and Options Trading...

i want to trade FX Options...how do i calculate the full cost of 1 option contract with the BID and ASK Price?

How do i set Standard, Mini and Micro Lots within the TastyTrade DeskTop Platform?

Is FX Futures Options the same as or different to FX Options?

and do i have to be Eligible for Futures to trade FX Futures Options?

And soo much more i need to ask?

I’m new so if this isn’t allowed then just ignore. I currently have sold a $131 call on TWLO expiry this Friday and got a premium of $1k. Currently trading around $143. My cost basis is at $141. To close out this position I’m looking at around $1500. Thoughts?

Btw I’m just learning and focusing on selling options for now paper trading. Do I wanna keep the shares sure I’m bullish on the stock but I’m ok if I don’t.