best options strat for newbee starting with 3k

fri, mar 29 is a holiday, market closed, could be a slow week, might want to watch any profit closely and be ready to take it.

 

Thanks guys for all of the great remarks.

@ putmaster. I am going to print your 1st commnet to remind me of it thnx a bunch.

I dont think optionshouse is giving us the mini-options. I really wanted to do tht for appl. I wish i can get in it. I bought few stocks already, but i know options are the way to go FOR SURE.

 

do you guys have any stocks and strat you guys use often and makes may be 5-8% per position?

thanks

 

I only trade the index-european style,and sell spreads and ratio spreads,Xmas trees too

 

You need to talk to a member here who goes by the handle "fantome" (among others). He makes thousands of percent on every trade he makes and has absolutely never made a bad call.

 

The Mini options?

 

no, tht is a virtual/practice account.

 

xmas trees?

 

http://www.optionsplaybook.com/option-strategies/christmas-tree-butterfly-call/

 

Making or losing 30% in options (trading spreads) is nothing. The trick is to ensure that the 20% or 30% loss that you are willing to accept represents a small fraction of your account, and the winners are larger than the losers. I typically look at a loss representing 1% or less, but with 3K you might need to accept a higher percentage.

I suggest you look at trading symbols like QQQ or SPY where long butterfly spreads can be established with $90 - $150 debit. By extension, that would mean stocks that trade at values in the range of QQQ and SPY, though I suggest you start with indices.