Registered: Aug 2011
09-12-12 06:20 AM
Quote from oldtime:
no kidding man, that's exactly how I started out. Back then they called them OEX options, I don't know if they even still trade them now. They were options on the S&P 100 index.
It's a rough way to go. The worst feeling I ever had was when I was trading some OPM and got caught legging in to a calendar spread and in a few minutes had lost more than the account was worth.
And that was after I explained to them that it was a very conservative strategy.
haha... i started out just outright buying premium... caught me for like 5 grand in one of my first trades.. i learned about theta quick like... i trade alot of flys and ratios...