I don't understand why y'all are so against options

the problems with options:

-out of the money options are impossible for most people to accurately value.

-deep in the money contracts often do not provide any more leverage than futures.

-combination strategies are far too expensive in commissions and spreads

-SSF's do what most small speculators want options to do, which is provide a simple leveraged proxy for the stock.
 
Quote from dotslashfuture:

the small time speculator who wants to make a simple directional bet is better off using e-mini's or SSF's.
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I agree with dotslashfuture. Particularly SSF's, to be specific. e-mini's are a completely different thing again.
But both certainly a lot safer than options traded by somebody who's not a wizard already.

I wouldn't say you can't make money with options. That's trash. I know ppl who make good money with options alone.
I myself occassionally use options to hedge for longer-term (1+ days) positions - Great thing if you know how. Not too hard to learn, either.
However, solely trading options is a scary thought for me. Makes e-mini trading feel like picking strawberries. The bid/ask spreads etc - Maybe I'll start doing that when I'm good enough - In another 25 years or so :D

Good Luck(!)
~The Scientist
 
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