RC,I read your post ao Fly's blog about Options. I've never traded them. I've filled out my application to Scottrade but I'm wondering if I'll be approved. Is it tough to get an approval?Also, where is the best place to learn to trade options? I've read enough on the internet but do you have any suggestions? I own AAPL & MVIS stock but I would like to be able to use my money to get more leverage on stocks like MVIS, AAPL, & FSLR. Any suggestions would be greatly appreciated!
ewa4sc,Scottrade suck for trading options, and it may be harder to get approved than with other brokers. Come to think of it, I'm starting to hate Scottrade.Anyway, I learned a lot about option trough a derivatives class I took in college. In my opinion, The best way to learn is to actually trade them.
Ewa- I use scottrade for options. I think you'll get approved. They don't let you go naked anyway, so what do they care how you lose your money, as you won't be losing theirs!It would have been great to have bought 5 dollar puts on MVIS a few months ago.
Looks like the BIDZ stockholders might have a very nice upcoming week. It finally made its first-ever appearance (after the market close on Friday) on the much-followed Investor’s Business Daily top 100 companies list at #2 (BIDU being listed as #1, DRYS as #3 and ISRG as #4).And in addition to this, IBD’s Monday’s (November 19) upcoming edition of the newspaper has a whole article/profile on BIDZ on page A6 under the “IBD New America column”. Here is a free-link to it: http://www.investors.com/editorial/IBDArticles.asp?artsec=7&issue=20071116BIDZ has a trading float of about 14 million shares, with 1 million of them sold short. Possible short-squeeze can really add fuel to this fire.
"They don't let you go naked"thats why i hate scottrade!
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