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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]DON'T DO THIS.

[b]You can lose everything[/b], do you realize this? It's easy to lose as well.

Your husband might know people who have made a lot of money on options but does he know how much they have lost?

Research it and read some people's experiences first.

Your idea to increase your retirement contributions makes sense.[/quote]

Stop being overly dramatic.  Options can be used for many things, like using them as actual insurance in the event of a downturn and so they you have a peace of mind. Or you can use them to basically force your stocks to pay you dividends, which of relatively low risk and really all not that much more risky than just owning the stock. Most brokers won't even let you do the most high risk stuff without multiple levels of clearance anyway.[/quote]

I want to second this.  I am the PP that scalps options.   I was a SAHM for 20 years and this fits so well into my lifestyle, but scalping takes little time.    As I said, most of my trades are under 2 minutes, so once you learn what to look for, you can trade with a half hour a day for now if that's all you have.

I paper traded for 6 months with TD Ameritrade (their platform for paper trading is called thinkorswim).     I couldn't have learned without it.

OP tune out these types your posting on forum where many stuck in their ways.   Read what Jack Bogle said barely 4 years ago..He founded Vanguard in case you didnt know.  He strongly felt the asset bubble we are in now will reach multi decade levels of mediocrity.  "oh no your wrong the market did 28% this year"   He wasn't talking about 2020-20?? when the Fed had the money printer on overdrive he was talking about the 2020's/ 30's and beyond.  He thought 4% was what we would average. Yea 4, not 15 not even 8.  It will take people many more years to accumulate savings like we have seen since the 1990s.  Seeking returns that can "enhance" your overall portfolio with things like options is a great way to position yourself for the decades ahead. Note that I said enhance not replace you want to use options leverage properly.

A great way to step into options is by paper trading.  Brokers like TDA allow for you to set up and trade with monopoly money first before gettin into the real trades. An extensive self directed education plan on options is not necessary to become successful.  As someone said it is possible to keep it simple while still managing risk.
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