Ben, I love your posts and they are always good advice. I agree that the " average" person should not trade options. Isn't that true for most any endeavor though? You would not want to start a cake decorating business, enter a tennis tournament, etc if you had no experience or training.
I have been trading options for years profitably so I know it can work. I am also a pretty good tennis player so I win more often than not :).
On a related note, here is a simple way to "beat" the market with options. Buy some SPY or an ETF of your choice. Then sell a covered call far out of the money (2 to 4%) for .01 or so. The market almost never moves that much. Collect your $1 and never sell options again. You will always beat the market by $1.
Ben, I love your posts and they are always good advice. I agree that the " average" person should not trade options. Isn't that true for most any endeavor though? You would not want to start a cake decorating business, enter a tennis tournament, etc if you had no experience or training.
I have been trading options for years profitably so I know it can work. I am also a pretty good tennis player so I win more often than not :).
On a related note, here is a simple way to "beat" the market with options. Buy some SPY or an ETF of your choice. Then sell a covered call far out of the money (2 to 4%) for .01 or so. The market almost never moves that much. Collect your $1 and never sell options again. You will always beat the market by $1.