Saw this on Drudge...Interesting read. https://finance.yahoo.com/news/one-...ird-investor-behavior-gambling-185404104.html I do covered calls, usually way out of the money. Just wondering if now might be the time to do them again on quality stocks? Thing like Wells Fargo or Verizon, they should still pay some dividend. Enjoy the option money while I control quality stocks. Yeah, they could get called away...But at a very high price. If the market drops, I still have the dividend and option money (and the quality stock).
When casinos are down like it is during this Pandemic... Problem gamblers will quietly gamble at home with beer, peanuts and chips in their man cave with a few of their close friends with real dollars (e.g. poker, black jack). wrbtrader
Wrong website period. Trading is not gambling. Options though, to be fair, is like betting that the horse's tail will reach the finish line before the head, while the jockey is already at the finish line.
Just saying option "trading" may be seeing a jump because the casinos and poker rooms are quiet...Just saying it makes sense.
Why don't you tell him: https://www.elitetrader.com/et/threads/trading-is-not-scary-to-me.344076/#post-5086943