Level II Options
With the successful launch of level I options, Wall Street Survivor is proud to announce that level II options trading is on its way. Level II options are a more advanced type of option play that allows traders to add hedges to their investments and diversification to their portfolio. Currently, Wall Street Survivor allows traders to simply buy and sell call options and puts. However, with level II options, traders will be able to take their skills to the next level.
Level II options at Wall Street Survivor will permit traders to write covered and naked calls and puts in additions to buying and selling them. This basically means you will be able to write your own calls and puts backed by underlying stocks that you have in your portfolio, or on margin. This will greatly enhance the types of plays you can make with options and we encourage you to try them all out at Wall Street Survivor before testing them out there in the real world. We will have options articles, tips and lessons for you at Survivor U, so be sure to do your homework first!
We are extremely excited about getting level II options up and running and are anxious for you to try them out and to hear how your experiences are. Feel free to use this post to discuss anything level II option related with us, including lessons you would like us to publish. We will do our best to get back to all of you.
- Posted in : Options, Product Management
- Author :Ryan Hops
Comments»
You don’t get it when it comes to options. The way your options accounts are set up it is little more than gambling.
Here is what you need to be able to do:
1) Mix stocks and options in the same account.
2) Buy/sell option spreads with limit orders (At least 4 legs)
3) Be able to trade options on ETFs
4) Use standard option sysbols … it is .GOPHF not GOP HF
You should go to a real options site, like OptionsXpress or “ThinkorSwim” and learn what real option tranding is about.