Lots of $$$ to be made with options, but have to be careful. I bought calls two weeks ago at $6.50 and sold 30 min later for $9.30. Bad news is a week later I could have sold them for $47. Ouch. But I like playing the weeklies when AAPL is down several points and market looks like it is holding. AAPL typically recovers well and options can move very quickly.
Look up a guy on t witter called swat options...guy makes a killing day trading options. He was able to make 450% this week in AAPL...I followed his trade in but got out with 50%...still to scared to go all the way with his trades even though he's right on the $.
6 round trips via weeklies today - both puts and calls netted me over 150% ... if one knows what one is doing ... one can make a good living trading options ... if one does not know what one is doing .. one can go quickly broke
I constantly trading 15 options on stock and ETF. I have pretty good sense which directions of these 12 and make good money on them. The only three I lost money are GOOG, AAPL and AMZN. Their price actions are pretty random to me, especially AMZN and GOOG. AAPL is not too bad because I had some huge profits when I were right, so I am probably even on AAPL.
Nice job! I'd like to get to that point, however I am still swing trading with the occasional day trade. Have done 300% over the past 3 weeks though so I am happy about that. What are some suggested tools for better options day trading strategies??