當時，交易選擇權難度是股票的十倍

sec2100

In my experience:

Options trading is roughly 10 times more difficult than trading stocks.

The depth of knowledge and experienced required to do it properly is enormous to do well. This eliminates many retail traders who want the easy way out. (Buy at the green arrow, sell at the red.)

Options are a vehicle so the statement "edge in trading options" is a bit nonsensical. One can trade an edge in options. One can know more about options than 99% of traders and thus gain some edge etc. Reading 5 books on options, or taking a course, and then gunning the option market makers is just silly. You answered your own question in comment number one.

Many retail traders overtrade their account balances and choose options because they don't have money. I heard of one retail guy who bought 2200 straight call options based on a news article, closed his eyes, and won big. Assuming that was true, is he a successful options trader?

Options are almost always fairly priced. Knowing when they are not is an art and of course  can lead to an edge but you need good capitalization behind your edge. Your question makes no sense to me.

Most retail traders are looking for an edge. There is no edge in a tool, generally speaking, and retail traders wouldn't be able to use it. Those with multi-billion accounts could use it. Better to piss into the ocean in my view.

One more thing. If you think when I place my option trade, I KNOW anything, then you need to go back to school. If any trading entity (market makers included) could trade 100% right, then you would already know their name. They would have all the money in the game within a year. Trading is about probabilities, not certainty. If you can't deal with that, then you are playing in the wrong game and you will get hurt.

Hopefully that helps you out.                                         

Oct 19, 2011 (當時的時空，交易選擇權真的很難，波動很大，但相對的權利金也很高)


來源: StarDust9182@elitetrader.com

sec2100

陳大，您說的我完全認同。

tarcy2801

我覺得不管何時交易選擇權都比股票難上十倍
投入的時間跟心力與股票相比可能多更多倍
但獲利可能差不多(對我而言)
因為股票只要每季看一下季報(簡單的半小時，難的頂多五六個小時)，一年看一次年報(3-5小時)，但選擇權每天都要花些看些盤後資料、不能離盤太遠(如果跟股票一樣用到價通知，收到通知再打開看盤軟體，價格可能不知道跑去哪了)、該如何調整也常常讓人苦惱。