Quote:
Originally Posted by PR_Glen
surely there is a more affordable option out there... this is not it. Too many dumbdumbs investing in this turkey which makes it volatile as shit.
|
I've had a few DITM AAPL Leaps for awhile. Cheaper than shares and aren't too much riskier with high open interest. Here's an article I just found that seems to explains the concept fairly well.
http://valueinvestingcenter.com/2010...-price-stocks/
You can also write call options on them every month which is like free money. I'm actually thinking about getting out of Apple by the end of the year. Not sure what would I would replace it with though. Right now EEM is my only other major holding which I also like to sell calls on.
https://www.google.com/finance?client=ob&q=NYSEARCA:EEM
If you're looking to just have some fun vegas style day trading, try trading out of the money options with an expiry no more than a month out for FAZ and/or FAS. They're triple leveraged financial ETFs. Fun stuff if you have the stomach.
https://www.google.com/finance?q=fas
https://www.google.com/finance?q=faz