How the Hell do I get approved for options?

optionsxpress won't reject you.

 

Good. So then LIE, LIE, LIE to the bastarts.

Sometimes one has to do whatever it takes.....

 

I haven't heard a lot of good things about them. Mostly mixed messages. Everybody seems to love TOS or IB. Any reasoning why Options Xpress would take me? I would rather have a sure-fire route so I don't waste another 2 weeks on this shit.

 

Find a broker that will take your cash.


Can't imagine that would be too difficult.

(rolls eyes)

 

Tell em you've got 5 years experience trading options, and are pulling in $200,000 a year in a bad year... they can't reject you on that basis...

 

http://www.hilliard.com/products_options_option_trading_req.html

These are Hillard Lyons' option trading requirements. I don't use them personally, but it should help you get an idea of what brokers generally expect from their options applicants.

 

How come trips to Las Vegas haven't been outlawed yet?

 

Lyons only requires "sufficient capital to buy options" Well you would think 19,000 is enough to buy an options lol.

I think I'm going with TOS thanks for the input people.

 

Pathus:

I am curious, what type of option trading does your mentor do ?

The 10K you are referring to would have come out of equities or futures options.

Long or short ? or combinations?

Thanks.

 

Long and short positions. He uses mostly information (asking a supply clerk how busy he has been), some fundamental analysis, some technical analysis, and using reasoning/market psychology to figure out what is happeneing.

Equities options.