How To Trade It: Trader Insight from Profitable Traders
Business:Investing
Jim Kenney, fondly known as The Option Professor, is a graduate of Boston College & Don Bosco Prep. He received his options training at the Chicago Board Options Exchange (CBOE) and several major investment firms. Jim has traded thousands and thousands of options contracts in various markets and has educated numerous investors worldwide on the use and risk associated with options. In this episode of How To Trade It, Jim discusses the benefits and risks for both beginners and experienced traders. You don’t want to miss it!
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You’ll want to hear this episode, if you are interested in…
The Draw of Options
When the gold market collapsed, and I shifted to the stock market, I was immediately drawn to options because of the potential that I saw. You could do a lot with them…ride them, buy them, take in the cash, speculate, use them as insurance…I was fascinated and completely hooked.
What is an option anyway?
An “option” gives you the right to buy or sell a market at a certain price (called the striking point) for a certain period of time (called the expiration date). If you buy an option, you must pay the premium (the cost of an option). If you are buying a call option, you are anticipating that the va
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