I can see where this would be confusing, since this is an Option Discussion Board.
These are Stock, Index and Forex trading systems. They Buy, Sell, Sell Short and Buy to Cover. Never more than one position at a time. A stock or index position is 100 shares. A Forex position is 1 lot.
I am not interested in managing any ones money.
Your observation about option spreads does raise a valid point however. If I was going to day trade option, it would only be with stocks or index options that have penny increment spreads.
To: Option_BWBs_and_Collars@yahoogroups.com From: freebelvin@mindspring.com Date: Thu, 28 May 2009 20:33:15 -0400 Subject: Re: [Option_BWBs_and_Collars] RE: [TheOptionClub.com] Automated Trading Systems
Pardon me for raising the voice of doubt.
I have to regard these as incredibly optimistic claims. Are you suggesting that you can profitably day-trade options (avg GOOG trade time = 8 min) ??? Since the option spread is often several % of premuim you'd have to be making incredible predictions to profit that fast.
And just where are you headed with this? "Is anyone interested in making $1M?" Of course, anyone would be interested. And then the next step is what - send you money so you can share your magical system?
I think you need to do a better job of backing up these wild claims. Otherwise this has the feel of another Nigerian letter.
-----Original Message----- From: Tom Batchelor Sent: May 28, 2009 6:09 PM To: option club , option bwb
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