QQQQ & SPY Options Trading: 1 Trade per day with $2,000 Account

Discussion in 'Options' started by increasenow, Feb 11, 2009.

  1. every post of mine it totally honest...
     
    #31     Feb 17, 2009
  2. No one lies on the internet, and everyone is as rich and good looking as they claim. I find that most of the 30 something people I meet on the internet all retired and live the good life.
     
    #32     Feb 17, 2009
  3. Here is the re-cap:

    Bought 15 SPY 81 puts @ 1.27 and sold @ 2.66

    Bought 32 QQQQ 30 puts @ .60 and sold @ 1.07

    Totally pumped...
     
    #33     Feb 17, 2009
  4. Live or demo? If demo, what broker are you using?
     
    #34     Feb 17, 2009
  5. demo right now...broker is www.optionsxpress.com they are simply the best to trade options with...the best...
     
    #35     Feb 17, 2009
  6. SForce

    SForce

    You are clearly speaking from experience since you've tried all the brokers and researched the commission on each one and compared them. We should all listen to you and your expert wisdom.
     
    #36     Feb 18, 2009
  7. So you do the live demo of your trade ?

    This is the main problem for most people here - too lazy to do research by their own, sometime even too lazy to verify what this guy claim to by looking back to his previous post in the same thread ..:D
     
    #37     Feb 18, 2009
  8. Is this correct regarding calculating the premium cost?

    $1.87 * 100 * 10 = $1870 for SPY puts @ 83
    $.69 * 100 * 28 = $1932 for QQQQ puts @ 30
     
    #38     Feb 18, 2009
  9. The numbers are correct.
     
    #39     Feb 18, 2009
  10. Total cost for puts = $3802

    Dumb question...how can you use $2000 account to purchase $3802 in options?
     
    #40     Feb 18, 2009