any interesting options ideas now?

[dagnyt]

Quote from especulator:

Hello,

I have a fairly decent understanding of reading charts through my futures trading so i see decent spots for option trades. Im able to analyze the option trade my broker suggests and learn from that. It's probably a good idea to get a broker that specializes in options as it can be confusing.

Hello, e-spec: No disrespect intended, but this is a terrible idea. Your broker is not likely to have a clue about which options you should trade.

And trading options is costly, so using a full service broker is going to eat up a substantial portion of any profits - and multiply losses.

Charts are not nearly enough. Options don't trade like futures and stocks. Just because the underlying rises, it does not necessarily follow that the call option will rise also. You must be careful to understand how options are priced and whether the price you are paying is reasonable.

Trust this: You are not going to do well following the broker.

...I hope that give u an idea of what u can do. Those 2 spread examples r pretty much most of the options trades i do but there are alot of other strategies out there that can work for u.

Risk management is far more important that choosing a strategy. Why do you have nothing to say about risk management? Again, this is not a negative towards you or anyone else. But almost no one teaches beginners that managing risk and money is the number one thing you must understand to have any chance at success.

Buying options is a gambler's strategy and is not likely going to be profitable.

good luck

Good luck to you as well.

Mark
The Rookie's Guide to Options

 

[spindr0]

>> I have a fairly decent understanding of reading charts through my futures trading so i see decent spots for option trades. Im able to analyze the option trade my broker suggests and learn from that. It's probably a good idea to get a broker that specializes in options as it can be confusing. <<


"Hello, e-spec: No disrespect intended, but this is a terrible idea. Your broker is not likely to have a clue about which options you should trade."


Always remember that at least 2 out of 3 make money on every fool service trade.

1) The brokerage firm
2) The broker

 

[Ms Varima-Garch]

Quote from spindr0:

I have a fairly decent understanding of reading charts through my futures trading so i see decent spots for option trades

spindr0,

what is your education and professional background?

 

[spindr0]

Quote from Ms Varima-Garch:

spindr0,

what is your education and professional background?

I'm just a poor factory worker trying to make enough money to bring my family over here. It just broke my heart leaving my brothers behind.

 

[xflat2186]

Quote from spindr0:

I'm just a poor factory worker trying to make enough money to bring my family over here. It just broke my heart leaving my brothers behind.

Wait a second, you WERE a factory worker, now your a hedge fund manager from all the free trade ideas posted on yahoo right?

 

[El OchoCinco]

Quote from spindr0:

I'm just a poor factory worker trying to make enough money to bring my family over here. It just broke my heart leaving my brothers behind.

What were you doing to your brother's behind?

 

[spindr0]

Quote from xflat2186:

Wait a second, you WERE a factory worker, now your a hedge fund manager from all the free trade ideas posted on yahoo right?

You live in Dallas? You're my biggest FAN TEX !

 

[spindr0]

Quote from optioncoach:

What were you doing to your brother's behind?

I served that up to you on a silver platter WITHOUT the apostrophe

 

[Ms Varima-Garch]

Quote from spindr0:

I'm just a poor factory worker trying to make enough money

Spindr0:

So much for the pleasantries.

What is your education and professional background?

 

[HiddenAgenda]

Spindr0 is a waste of time, just like you.

Unlike Mark Woflinger, for example, who did 7 years at the CME, for better or worse, and is often trying to say something helpful.