Does anyone bought and sold the options in us market. Could you please share your experience. I have 5 options vouchers $65 each from Webull. Would like to know how best I can use the vouchers.
Are there any high volume options with trading amount closer to $65. I have seen Tesla and Apple call options but they are too expensive to buy as minimum lot to buy is 100 shares and total amount going in thousands. I am trading stocks from 5+ years but trading options is completely different.
OP plays the we Bull market.
Is there something in the name?
without losing any money.
so that I don't want to risk losing my money.
I am trading stocks from 5+ years but trading options is completely different.
LOL Have you really been trading for 5+ years if you are so worried about losing money? Its the name of the game, you win some, you don't win some.
Options trading made me a millionaire.
Before trading options, I was a billionaire.
I bought and sold Bank of America puts (BAC) to use up my Webull vouchers. Bought and sold within a minute or so, I think they were $25USD?
Thanks
Check SPY and QQQ. ETF options.
I trades options but I have very specific strategy to generates income
do you understand how options work? I wouldn't touch it if you don't understand it
it a completely different beast all together from trading shares and required a different set of knowledge
my advice is throwing away the voucher unless you know what you are doing
your question about 100 shares minimum tell me you know next to nothing about it
just a quick rundown for you
options contract is in 100 size lot, so each contract is made up of 100 shares
so, if I want expose to 1000 shares, I buy/sell 10 contracts
options also have time decade and a whole lot of variables that it use to calculates their pricing base on Black-Scholes model.
I have IBKR and Tastytrade accounts. I trade options on futures with Tastytrade and use IBKR for everything else. For Australians, Saxobank is also a possibility. All 3 have Australian offices.
There are 3 types of leverage in the US: Reg-T, portfolio margin, and SPAN. I trade options on futures because it uses SPAN margin. At any point in time I have about $50 million in underlying assets under control, because of the absurd amount of leverage. I have a math and statistics degree and have my own mathematical models. Sometimes I stuff up - I've lost $10,000 in an hour.
There's also the international tax issue. Its actually easy but you need some investigation to find out that its easy!
If you don't understand any of this, options isn't for you.
Then the share market is not for you.