Archive for the ‘option trader’ Category
Generally an investment banker.
"A typical Trader (options) II working in the United States earns a median base salary of $56,324, according to our analysis of data reported by corporate HR departments. Half of the people in this job earn between $45,073 and $63,825. Alternate job titles include: Intermediate Level Options Trader, Level II Options Trader."
http://secure.salary.com/jobvaluationreport/docs/jobvaluationreport/jobsellhtmls/Trader-Options-II-salary-job-description.html
A first year associate in investment banking can expect to make over $100,000 per year
http://www.careers-in-finance.com/ibsal.htm
Learn about options with the Option Play Books from Paul Brittain of www.CommodityTradingSchool.com.
Master the 19 primary option trading strategies for trading options on commodity futures contracts.
Duration : 0:5:52
1) How long did it take you to finally leave your old job and pursue trading full time?
2) How long have you been trading succesfully?
3) How did you get there?
4) Any other recommendations?
I am not a professional options trader, but since no one else has answered this question let me pass on what I can.
There is a professional options trader on the message board at
http://messages.yahoo.com/Business_%26_Finance/Investments/forumview?bn=4686677
where you can ask him some specific questions if you want.
His name is Mark Wolfinger and he posts with the "dagnyt" id in Yahoo. You can get a brief overview of his experience at
http://www.mdwoptions.com/Author.html
There is another person who participates on that board who is almost certainly a professional trader. He posts as "jmp17" and "xflat2186" on the same message board.
You can read what he posted as his bio at
http://messages.yahoo.com/Business_%26_Finance/Investments/threadview?bn=4686677%23optionsquestionsansweredhere&tid=21244&mid=21292
I will warn you there is also at least one other individual on that message board who claims to be a professional trader but almost certainly is not. He has posted under several different ids, most of which have been removed for violations for the terms of service.
http://www.sjoptions.com presents Low Risk Option Trading classes. Watch this video of a real trade to see our low risk strategies in action.
More about San Jose Options Mentoring
Are your current option strategies keeping you up at night?
Learn The Stress Free Option Strategies That Have Changed My Life!
Our Mentoring Program includes Daily Trading Rooms, Our Student Forum, Pre-recorded Instructional Videos, Training on Brokerage Platforms, Our 15 Step Learning Plan, Instant Notifications of Our Trades & Adjustments, Lifetime Support, and Much More!
Visit us at www.sjoptions.com for more information
Duration : 0:9:6
I want to know can i deduct items like: laptop, home office, internet expense,etc?
Get IRS pub 550 and read the information on day trading. If it doesn’t describe you, you are an investor.
As an investor, you get virtually no deductions. You don’t need a home office to day trade.
You’d have to prove you had more than 50% usage of the laptop to deduct even depreciation and the internet is considered a utility and non-deductible.
Let’s say you have investment expenses…they go on schedule A.
Learn about options with the Option Play Books from Paul Brittain of www.CommodityTradingSchool.com.
Master the 19 primary option trading strategies for trading options on commodity futures contracts.
Duration : 0:4:5
Excluding those in Property & Insurance or sales line…
Government sector – the Politicians/Ministers. Refer to links:
http://www.yawningbread.org/arch_2007/yax-726.htm
http://www.yeocheowtong.com/Salaries.html
http://www.iht.com/articles/2007/04/09/news/sing.php
Private Sector – only those CEOs, Managing Directors, Vice Presidents, CFOs or Owners of large organizations, etc earn high salaries. Refer to links:
http://www.salary.sg/2007/top-100-jobs-in-singapore-2007/
http://www.salary.sg/
. Some people say the market movers move the stock market is the direction which they have to pay the least amount of money to option traders in 3rd Friday the month.
I try to use Open Interest in option to make sense of market
<<<How can I use the Open Interest (Option) to strategize my stocks trading>>>
You can use it any way you want to.
My recommendation is to use open interest as an indication of liquidity. Since you would prefer to trade options with more liquidity you should prefer to trade options with higher open interest figures.
<<<Some people say the market movers move the stock market is the direction which they have to pay the least amount of money to option traders in 3rd Friday the month.>>>
I agree that some people say that, but that does not mean that it is true.
What I believe you are describing is a variation of the "max pain" theory, the theory that the price of a stock often settles around the point where the majority of the option buyers lose the most – hence max pain.
While there is some scientific basis for the theory, it is based on market makers hedging techniques as opposed to intentional market manipulation.
The problem with trying to utilize this theory in your trading is that it doen not happen a high enough percentage of the time to be useful. The vast majority of the time it does not happen, so attempting to profit from the few times it does happen means being wrong much more often than being right.
<<<I try to use Open Interest in option to make sense of market >>>
I think you will find there are many much more profitable ways to spend your time. Learning more about implied volatility, risk factors and hedging techniques will be much more profitable.
i left school last year with A-Levels but wasnt drawn to the idea of university, i went into a trainee broker role in london which i felt wasnt for me, so left. I am now considering a job as a trader after using IGIndex spread betting and would like to know of any possible avenues i may be able to go down to reach my goal? any help would kindly be appreciated. i am happy to work in an arcade but would prefer to work for some sort of fund/bank but have no idea who to contact about it, i am happy to move anywhere in the world.
I also understand that the majority of these jobs require degrees, so maybe i would be better off going to uni? or failing that does anybody have any other ideas of jobs i could do?
If you have a source of income, try taking the Securities Industry Diploma exams. Three papers, one of which is compulsory, but you can choose to do a paper on financial futures and options. You DON’T need a Ph.D. in maths, though you do need to be comfortable with numbers and spreadsheets. Spread betting is not the same as options, and to get an opening somewhere as a trainee, you should probably consider a wider range of products, such as futures, commodities or currencies. Buy a copy of the Investor’s Chronicle, and see the derivatives houses advertising in the back – you could approach each of them directly.