Once more they make it look so easy, every mother and grandmother can do it, and even the 6 year old.
"Take Control Of Your Options" ...sure, until you realize you have absolutely NO CONTROL and you just burned your hard earned money.
Listen - it's not (only) about a product to become successful in the markets, it's about understanding and learning years and years.
Why the heck should people believe, that you simply can make money with in the markets with your phone, while others study for years and go to work every day and never stop learning?
This is just flat out another BS, PERIOD!
I trade options since many years. But I would never ever use my phone to trade options. You can not just choose from a simple strategy and press the GO button...keep dreaming ;-)
You have to know WHEN you have to use WHICH strategy. What do you want to accomplish with a options trade: - trade directional? - trade for income? - trade non directional and profit from a time decay? - hedge? - support another stock/futures strategy? - ...mix the above?
You have to analyze -what's the current volatility in the market -volatility in the expiry strikes etc (some expiration give you better prices) - what's your real risk! ..and how can you fix it when your idea is going down the toilet?
How can you use complementary products with Options (Stocks/Futures/Volatility Products like the VIX).
OK, enough ranting ;-) ...here's my advice for everyone who can stay away from trading by the phone and want it seriously:
1. Go to tastytrade.com - it's the absolute N1 learning resource for Options Trading on the internet. ALL FREE. 2. Apply everything you learn in a DEMO ACCOUNT 3. Do it for AT LEAST 1 year and TRACK your success
Learn to earn, period.
May all the luck be with you.