I really, really want to get into this. There's a guy at work that says he's into it but when you try to ask him about it he acts like you're asking him for his SS#Then he starts talking in riddles
But I'm gonna sub this thread and see what I can do to get started in this.
Just as you can make a lot of money wit options, you can lose a lot of money as well, so you have to be real careful.
OP how u feel about timothy skykes?
Yeah, no doubt. but the beauty with options is you can decide how much you want to trade with. For example, to truly buy any stock with the anticipation of a good return, you need minimum 25K-50K. Weekly options can be bought for less than $100 bucks, and you can get a crazy return in a very short amount of time. For example, this guy took $240 and it turned into nearly $6K in a few hours.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=89517288
The money is there, we just gotta go get it.
I take it the returns are subject short term capital gains taxes correct. How quickly are you able to cash out? Check or EFT?
What are some of your upcoming positions?
I've got a stack that I want to try my hand at with this.
My current brokerage is Schwab but I'd ultimately go with one of the two you recommended.
What do you make of this guys reasons NOT to trade stock options.
http://25yearsofprogramming.com/blog/20070411.htm
What's your YTD gain/loss?
whats the most you made off a flip