SPDR S&P 500 (SPY)

[leftyg]

be..just a point of interest. It seems many here are using options to trade. I read articles that say that only 5-10% of option traders make money..and many lose big. While I don't doubt that the option traders here are far above average..still, there must be some who do lose big. I have not seen that discussed on a personal basis. Is it that the losers disappear to lick their wounds, and that only those who can make money trading options remain here?

Please don't misunderstand my questions. I admire those who can and do profit from option trading, and I understand their motivation. Personally, I'm sure I would be among the 90+% who lose....heck, I might just as well write out the checks to the smart guys at the start, and save a lot of stress.

Why are you looking at begining to trade options? Thanks.