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options trading
Posted on 11/10/08 at 2:39 pm
Posted on 11/10/08 at 2:39 pm
sounds like gambling and fun
Posted on 11/10/08 at 3:41 pm to True23Tiger
It is fun, but it's also easy to lose all of your money. OR even more than that.
Posted on 11/10/08 at 5:40 pm to True23Tiger
May I suggest uncovered calls.
Posted on 11/11/08 at 5:39 am to TigerRanter
quote:
naked
Be careful with that word, you may attract some O-T Loungers to the money board.
Posted on 11/11/08 at 8:26 am to Tigris
When discussing the options and futures markets in class someone always brought up that it seems a lot like gambling and it does. but you can always hedge the opposite way to reduce your risk of loss but usually if you come out the victor your earning will be basically the difference in your two positions minus the premium paid which comes out to not very much depending on how much you invest. So finally I get to quote one of the biggest drunks I ever knew in relation to finance as "Go Huge or Go Home" = basically if you want to make a big gain in the options market don't hedge your positions but also be prepared b/c after a bout with that market you might have to put your phone bill in your baby's name.
If you really want something to get you going try some Shorts with your research coming from technical analysis.
If you really want something to get you going try some Shorts with your research coming from technical analysis.
Posted on 11/11/08 at 8:34 am to TigerRanter
quote:
naked
This is a good idea for the Money board banner ad:
Tigerdroppings Money Board
We do it Naked.
Posted on 11/11/08 at 11:27 am to Colonel Hapablap
quote:
sounds like gambling and fun
That is exactly what it is. For the most part, no object of value (sugar, oil) even exchange hands. "Traders" are people that deal with options. There is a difference between a trader and a broker. Traders literally sit around and make bets all day according to paramaters set by themselves or their company. They basically look for arbitrage oppurtunities that gurantee them to either win or lose a maximum or minimum.
Posted on 11/11/08 at 12:14 pm to the_watcher
Definitely a great speculation tool. If I had money I would definitely buy some march/april calls right now.
Posted on 11/11/08 at 8:07 pm to True23Tiger
The way to play this game is to tart up options trading and attract investors.
Then roll the dice. If you get lucky, you get rich. If you don't, just do something else.
Then roll the dice. If you get lucky, you get rich. If you don't, just do something else.
Posted on 11/11/08 at 10:50 pm to kfizzle85
quote:I wouldn't recommend this with the VIX so high.
Definitely a great speculation tool. If I had money I would definitely buy some march/april calls right now.
Posted on 11/11/08 at 11:01 pm to TigerRanter
Pure speculation, and I don't have any money so it isn't an option to begin with. I wouldn't recommend it to anyone either.
Posted on 11/11/08 at 11:17 pm to the_watcher
quote:
For the most part, no object of value (sugar, oil) even exchange hands.
Completely disagree. Would you classify fire insurance as "no object of value"?
Posted on 11/11/08 at 11:21 pm to Tiger JJ
I think the money I fork over is an object of value
Posted on 11/12/08 at 2:10 pm to Colonel Hapablap
where do i go to make my first option buy, on oil?
Posted on 11/12/08 at 4:55 pm to the_watcher
I got the approval to make these trades today and have been doing some research...
I like GM for a dec call option
and CHK as well.
(if u r interested go to yahoo finance under the investment tab select options then enter the symbol and it will give you a list of strike prices and dates)
ETA: I may never actually do this sort of trading but it is interesting.
I like GM for a dec call option
and CHK as well.
(if u r interested go to yahoo finance under the investment tab select options then enter the symbol and it will give you a list of strike prices and dates)
ETA: I may never actually do this sort of trading but it is interesting.
This post was edited on 11/12/08 at 4:58 pm
Posted on 11/12/08 at 5:09 pm to True23Tiger
the IV on everything is stupid high right now. I'd be very wary of buying calls.
Posted on 11/12/08 at 7:14 pm to Colonel Hapablap
I agree but the volatility is what makes it so interesting to me though. If it gets low enough to buy in cheap and hits that strike price(like one of these sucker rallies we have seen) or better before expiration it could pay off without too big a risk.
(At least that is my limited understanding of things)
(At least that is my limited understanding of things)
Posted on 11/12/08 at 7:54 pm to True23Tiger
quote:
If it gets low enough to buy in cheap and hits that strike price
Define it
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