Comments on: Level II Options http://blog.wallstreetsurvivor.com/options/level-ii-options/ News from Wall Street Survivor Developers and Product Managers Wed, 30 Sep 2009 19:40:57 +0000 http://wordpress.org/?v=2.8.6 hourly 1 By: Wayne http://blog.wallstreetsurvivor.com/options/level-ii-options/comment-page-1/#comment-283 Wayne Fri, 17 Jul 2009 15:47:20 +0000 http://blog.wallstreetsurvivor.com/development/level-ii-options/#comment-283 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. 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.

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