Replies to post #35213 on Option Millionaires

[VERITAS77]

Hi nerachal,
With OPTIONS...
Its 100% about risk tolerance.

Unless you have deep pockets, you cant afford to learn and trade with many mistakes because the pin action is a 0 sum game almost.
An other words, if you have 3k to start... you may want to enter 10 positions with only $300 at a time.

And not all at once. 10 positions is hard to watch/catch important moves.

If your new to options... considering purchasing a put/call a month EXTRA is worth considering.

You will only make half the profits, but will have twice as long to "learn" call it.
or
play weeklies and utilize only 25% of what you would attempt in a full position.
==========
(s) sprint was the ticker.
it shot up on news so...the puts went minus 90% (which is why I bought/aka a long shot)
the stock retreated past the open of (.06/put for friday exp weekly at $3 share on Sprint.)
it went down and into the money for 60+ pennies and...
my penny priced option GAINED ONE PENNY FOR ONE PENNY! =)
Pretty neat.
so thats how a .01 option (x 100 = $1/contract+ commision) went to (.63) (x100 = $63 each contract)
so 63 x's entry possibility in one trading day.
=========
it like hitting 63 penny stock 100% baggers,lol...that aint gonna happen.

***this extreme market swings happen DAILY with opions.***
well,,,maybe not 63x positions but... 100-400% dips/swings in optiions happen somewhere DAILY! and in bigboard name stocks.

You get the rare 100x or 1000 x baggers when....

THE MARKETS CRASH
OR
THE MARKET SKYROCKET

*Perfect time to gain the skillz to trade.

Hope this helps. -VERITAS77 *^]-

[Pieterpanne]

Active Weekly Options Summary as of 10/5/2011


SYMBOL OPTION NAME
AA Alcoa, Inc
AAPL Apple, Inc.
ABX Barrick Gold Corp.
AIG American International Group
AMZN Amazon.com
AXP American Express
BA Boeing Co
BAC Bank Of America Corp.
BIDU Baidu Inc
BP BP PLC
C Citigroup Inc.
CAT Caterpillar Inc.
CLF Cliffs Natural Resources Inc
CRM Salesforce.com Inc.
CSCO Cisco Systems Inc.
CVX Chevron Corp
DJX CBOE DOW JONES INDUSTRIAL
EEM IShares MSCI Emerging Markets Index Fund
EP El Paso Corp.
EWZ Ishares Brazil Index ETF
F Ford Motor Company
FAS Direxionshares Daily Financial Bull 3X Shares
FAZ Direxionshares Daily Financial Bear 3X Shares
FCX Freeport McMoran Copper CL B
FFIV FS Networks, Inc.
FSLR First Solar Inc.
FXI iShares FTSE/Xinhua China Index Fund
GDX The Market Vectors - Gold Miners ETF
GE General Electric
GLD SPDR Gold Trust
GM General Motors Co.
GMCR Green Mountain Coffee Roasters Inc.
GOOG Google, Inc.
GS Goldman Sachs Group
HAL Halliburton Co
HD Home Depot, Inc.
HPQ Hewlett-Packard Company
HRBN Harbin Electric Inc.
IBM International Business Machines
IDCC InterDigital Inc
INTC Intel Corporation
ISRG Intuitive Surgical, Inc.
IWM iShares Russell 2000 Index
JNJ Johnson and Johnson
JPM JP Morgan Chase Company
KO Coca-Cola Company
LVS Las Vegas Sands Corp
MA MasterCard Inc.
MCD McDonalds Corp
MCP Molycorp, Inc.
MGM MGM Resorts International
MMM 3M
MOS Mosaic Company
MRVL Marvel Technology Group
MSFT Microsoft Corporation
MU Micron Technology Inc.
NDX Nasdaq 100 Index Euro / Open
NEM Newmont Mining Corporation
NFLX NetFlix Inc.
NKE Nike Inc.
NVDA Nvidia Corp.
OEX CBOE S&P 100 CLOSE/AMER INDEX
ORCL Oracle Systems Inc.
PCLN Priceline.Com Inc. (New)
PCX Patriot Coal Corp.
POT Potash Corp.
QCOM Qualcomm Inc.
QQQ PowerShares QQQ Trust
RIMM Research In Motion Limited
RMBS Rambus Inc.
RUT Russell 2000 Index
S Sprint Nextel Corp.
SDS ProShares UltraShort S&P 500
SINA Sina Corporation
SLB Schlumberger
SLV iShare Silver Trust
SLW Silver Wheaton Corp.
SNDK SanDisk Corp.
SPY SPY Option
SSO Pro Shares Trust Ultra S&P 500
SU Suncor Energy Inc.
TBT Proshares Ultrashort 20+ Year Treasury
TLT Ishares Barclays 20+ Yr Treas Bond Fund
TZA Direxion Daily Small Cap Bear 3X Shares
UNG United States Natural Gas Fund
USO United States Oil Fund
UTX United Technologies Corp.
V Visa, Inc.
VXX iPath S&P 500 VIX Short-term Futures ETN
WFC Wells Fargo & Co.
WLT Walter Energy Inc.
WMB Williams Companies
WMT Wal-Mart Stores, Inc.
WYNN Wynn Resorts Ltd.   
X United States Steel Corp.
XEO CBOE S&P 100 CLOSE/EURO INDEX
XLE Energy Sector SPDR
XLF Financial Sector SPDR
XOM Exxon Mobil Corp
YHOO Yahoo Inc