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options are very risky imo. you have to hit the strike price before you can execute the option and its worthless if it doesnt. then theres theissue with the expiration dates. the only thing good about options imo is the leverage it has.Originally Posted by vjetti
Any of u guys trade options moreso than stocks? Few days ago, I was looking at Goldman call options rather than buying the stock, to put less capital down. I ended up just buying shares cause I didn't have approval on my E-trade account for buying naked calls (do now tho). I'm up about $115 on a 3K investment, which is ok but not that great. However if I had been able to buy the call option I wanted, GSGI, I could've made something like a 100% return since that option's price went from 5.10 to 10.74 today as the underlying stock's price went up. MAN I missed out.
So my question is..why doesn't everyone trade options?? I'm sure most of you are in this for a big return on small investment (aren't we all). Now that I got that approval I needed, I plan on playing with options mostly to see if I can pull returns like that off.
Related note, anyone trading JPM? I'm assuming they'll have big earnings numbers tomorrow as well, the CEO's even coming on CNBC to talk it up (they only come on when the earnings are good). Think I'm goin to go get some of the 35 strike call options, hoping it pops by Friday.
Who is actually exercising the options? You can still sell the contract, regardless of the strike price.Originally Posted by andycrazn
options are very risky imo. you have to hit the strike price before you can execute the option and its worthless if it doesnt. then theres the issue with the expiration dates. the only thing good about options imo is the leverage it has.Originally Posted by vjetti
Any of u guys trade options moreso than stocks? Few days ago, I was looking at Goldman call options rather than buying the stock, to put less capital down. I ended up just buying shares cause I didn't have approval on my E-trade account for buying naked calls (do now tho). I'm up about $115 on a 3K investment, which is ok but not that great. However if I had been able to buy the call option I wanted, GSGI, I could've made something like a 100% return since that option's price went from 5.10 to 10.74 today as the underlying stock's price went up. MAN I missed out.
So my question is..why doesn't everyone trade options?? I'm sure most of you are in this for a big return on small investment (aren't we all). Now that I got that approval I needed, I plan on playing with options mostly to see if I can pull returns like that off.
Related note, anyone trading JPM? I'm assuming they'll have big earnings numbers tomorrow as well, the CEO's even coming on CNBC to talk it up (they only come on when the earnings are good). Think I'm goin to go get some of the 35 strike call options, hoping it pops by Friday.
Originally Posted by uncleo28
Is there any online brokerage in which you can day trade without an 25k in the account?
damn son, i just tore one of my rotator cuff muscles (again) this weekend. hope you feel better.Originally Posted by andycrazn
im gonna take a rest from the market for a while. i broke my arm and its really hard to adapt to everyday things.
Originally Posted by desent
Originally Posted by uncleo28
Is there any online brokerage in which you can day trade without an 25k in the account?
Originally Posted by nicefro
definitely not. thats an sec rule.
chico, whats your take on AN
Originally Posted by Scarface2k1
chico - whats your take on jmba?
ive had it since june 1st @ 1.08, and i am feeling speculative on it.
any thoughts?
I'm not trying to jinx you or anything but, do you ever lose?Originally Posted by LiLcHiCo4LiFe
CIT
50K Shares
In @ .39
Out @ .55
$8K baby!