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Reply to "Can you really make so much money selling options?"
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[quote=Anonymous]I would love to go the Option route. But I spent time with two good friends that do this, but both are former 80s Wall Street traders and they said that you should never do it unless you are well educated. And to really make money you are chained to the screens all day long. One less so than they other, but they were both on the floor together, and the one less "chained" makes less money. I have another friend who dabbles in it and says he makes money. I'm not sure how much as he has a very demanding full time job. So not sure how much time he spends actually doing it. I have relative who day trades. He wins big and loses big. Depending on your age, time you have to undertake options trading and ability to lose money, informs how much risk you should be taking. [/quote]
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