I am taking charge of my wife's IRA.
I have recently transferred it to IB and need to manage it since she is not interested and too busy.
I can not however sit by a computer all day so I am thinking in doing some options on futures trading for her.
I like first to explore the viability of such strategies I read charts and quite savvy in futures prices/trends but never much used options. I know that premiums are very rich on futures but I like to trade markets with upward /downward bias, perhaps use debit spreads to ease the cost factor.
The account size is rather small since she just started with her roth IRA. ($5000)
In addition I may look into spreads on futures for electronic contracts but I have to see what's available and trade according to some seasonal trends.
I have recently transferred it to IB and need to manage it since she is not interested and too busy.
I can not however sit by a computer all day so I am thinking in doing some options on futures trading for her.
I like first to explore the viability of such strategies I read charts and quite savvy in futures prices/trends but never much used options. I know that premiums are very rich on futures but I like to trade markets with upward /downward bias, perhaps use debit spreads to ease the cost factor.
The account size is rather small since she just started with her roth IRA. ($5000)
In addition I may look into spreads on futures for electronic contracts but I have to see what's available and trade according to some seasonal trends.