A couple of times over my life I've played with stock options (or index options).
It's been 10 years since I bought an option. At that time my conclusion was that if you had 100k to play with, you could make money in the long run. I suspect people that were playing the options game would have come out better in the current market than the long term conservitive investors because they would have been out of the market quicker. In the end, I lost about $2k.
It's really a form of gambling. The brokerage fee's are essentially the percentage of the bet that goes to the house.
There are ton's of strategies etc on this stuff. I'd like to do some paper trades for the fun of it in this market. I'd like to do paper trades for a year or more and if I think I can make money at it throw some disposable income at it.
Does anybody play the options game here? If so, what software is out there for analysis? Are there any sites you know of for doing paper trading (not investing money, just pretending)?
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