Option Avoidance = Good For Me
There are a couple of classes of trading vehicle I swore off years ago: options and FOREX. From time to time, I’m tempted to give options another whirl, but I hold myself back. This happened earlier this summer, so I did a little experiment: I put a marker on a chart of an option I would have bought indicating my “pretend” trade.
Well, after a few days, the option shot higher, pushing up over 50%. I begin to reconsider my self-imposed ban on options trading. But you can see what’s happened since then (and remember, this is a fairly conservative option, not expiring until the end of the year!)
I know options work great for a few of you out there, and that’s just dandy. For me, this little exercise just reassured me that I made the right choice swearing off the things.
This blog is not, and have never been, investment advice. It is a place that allows me to express my own views on the market and specific securities – as well as make whatever cultural ...
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