How to trade with options

Friday, November 13, 2009 10:07
Posted in category Options
8 Comments

I’m ready to start trading options. It’s probably a mistake; I don’t really have a clue what I am doing.

I’ve read quite a few of the blogs, and working on this project with TradeKing has given me lots of information, however so far I have not been successful in making money.

Using their example (IBM AB), I understand that I can buy 1 contract (100 options) of the underlying option for IBM.  I understand that if I think the underlying stock is going to go up that I should place a “call”. I also learned that my strike price (in this particular options play) should be the price that I want to be ‘in the money’.

I used TradeKing to do my first option trade

I used TradeKing to do my first option trade

I’m interested to learn more about these advance investment strategies. In general as an investor I like to bet on either the stock going up or down. I also don’t want to actually own the underlying stock. My hope with options trading is that I’ll be able to leverage my capital for larger plays.

Disclosure: Jalali Hartman is CEO of Yovia. His firm is engaged in a marketing contract with TradeKing. This blog is a true account of his experience trading options with TradeKing and is not a promotion of either IBM or TradeKing.

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  • Anonymous

    I agree, Yovia should a payment processing like other websites. I have no idea that this is how their system works.

  • Anonymous

    Does anyone know if there is a way to see the total amount we have earned so far, other than having to go through and add up what amounts have a check mark??

  • http://www.facebook.com/people/Carrie-Danser/1600051990 Carrie Danser

    I can’t figure it out yet either.

  • http://www.facebook.com/people/Carrie-Danser/1600051990 Carrie Danser

    I just joined & have been looking for the answer to that too.  I haven’t found it yet.

  • http://crazedmama.blogspot.com/ Deanna Roddy

    I just joined and there is a lot of stuff missing from this site. It’s difficult to find answers for a lot of things. There is no total or amount of what we have earned to date? Do we have to go through and track every single offer we have claimed to invoice it? If the minimum payout is $50, that would be a lot of things to keep track of. I hope yovia is going to make this easier.

  • http://crazedmama.blogspot.com/ Deanna Roddy

    ”
    Invoices must include a listing of individual links to posts and the date each post was completed on the invoice.”. Do you guys realize how LONG this would take to do????? They really need to find an easier way to do this!!!!

  • Tracy

    I don’t even know where to look to see what I have earned.  Very frustrated.

  • KimberlyE

    Do we have to provide links to Facebook & Twitter opportunities…doesn’t seem to make sense…It would all be on advertisers walls, etc…

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