cdcaveman
Registered: Aug 2011
Posts: 3518 |
08-09-12 03:32 AM
Gotta love some bidu... A friend of mine made 500 percent in that stock by buying it and then he started trading options expiration on it lost thousands on it...
the funny thing is he told me in order to play in options you have to have deep pockets.. i'm thinking.. yeah.. because one options contract gives you the exposure of 100 shares of stock for sometimes huge percentages under the cost of actually owning it.. so the guy trades thousands and thousands of dollars in call options giving him a notional value of like 250,000 dollars.. the lies in leverages.. there are so many of them.. hell i did almost the same thing when i started out.. then to shock you a little more i sold credit spreads on my entire account to make up the loss.. radical.. i still wonder how i'm trading today..
|
