Does anybody know of any good stocks to buy right now that I could use Options trading on?
I would like to know if there are any stocks that I could purchase with using Options trades that I could turn a profit on and use to become a millionaire with as I know that we are currently in a financial crisis here and that the price of a lot of stocks are very cheap and are bound to bounce right back up at some point, does anybody know of any to recommend? Please give a good answer.
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March 15th, 2010 at 12:14 am
You will lose all of your money. Stocks aren’t necessarily bouncing back because some of this nation’s largest companies are going bankrupt and their stocks are disappearing altogether. If you think stocks are low, why don’t you just buy them. You’ll have to buy them at a higher price if you use options.
March 15th, 2010 at 12:24 am
Gold has taken a terrible beating in the past two weeks.
But some people think that the bailouts and the stimulus and the extra Fed money is going to cause inflation.
You can buy calls for GLD going all the way out to January 2011.
My fave is the -OQAAF which has a strike price of 110. This means gold would have to exceed $1,100 per oz for you to be “in the money” on this call.
My own best guess is gold around $1,200 per oz by mid 2010. If the call goes “in the money” with 6 months left to run, it probably will be worth more than it is selling for right now $910.00 per contract.
The last quarter of 2009 should see gold over $1,000 in my humble uninformed opinion which is no better than yours.
Everybody must make their own bets.
March 15th, 2010 at 1:18 am
i don’t recommend options simply because they are time limited. you won’t become a millionaire buying options for that reason. stocks are cheap right now. buy the best companies in the best industries and you’ll do fine.