Is day trade options really viable?

[0008]

I never trade options but I am always interested in it. The slippages seem to be quite horrible. Is it a big problem for options day trade?

 

[qdz2]

Yes, viable.
Anything is like a double-edge sword. It can be against you or with you. Control self is the key.

 

[Free Thinker]

tough game.

 

[GATrader]

It is hard enough nowadays to day-trade the underlying since the range is not very good lately, doing it in options is twice as hard. Imagine the edge loss. 5-10 cents to get in then another to get out, coupled with the delta. You have to be right about the underlying movement at least 50 cents for you to break-even. If you are going to use options, extend your timeframe. Hope this helps

 

[metooxx]

If you are a good trader now, you should be fine after paying some tuition; if you are not currently profitable, more like paying for graduate school ...

 

[optionsplayer]

 

[hii a_ooiioo_a]

And if QLGC had not moved today, those puts would now be worthless, having expired today.

 

[Lobster]

Quote from qdz2:

Yes, viable.
Anything is like a double-edge sword. It can be against you or with you. Control self is the key.

The truth you speak. Apply it must you now.

 

[Lobster]

Quote from GATrader:

Imagine the edge loss. 5-10 cents to get in then another to get out, coupled with the delta. You have to be right about the underlying movement at least 50 cents for you to break-even.

And now imagine you trade not just one but 10 contracts. Then you would have to be right about the underlying movement at least $5 to break even. I wonder how those guys who trade hundreds of contracts do it.

 

[hardrock375]

Quote from Lobster:



And now imagine you trade not just one but 10 contracts. Then you would have to be right about the underlying movement at least $5 to break even. I wonder how those guys who trade hundreds of contracts do it.

Maybe trade stock in conjunction with it...