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Young People And Options

Let me spill out some information. Next-Generation Investors Are Different. An organization called "Finra" published this information. In a 2021 survey the Finra Investor Education Foundation found that 36% of respondents aged 18 t0 34 said they have traded options. That compares with 21% of respondents ages 35 to 54 and just 8% of respondents age 55 and older. Then there are crypto investors. According to something called a Pew Research survey based on Feb 2024 data, 42% of men aged 18-29 have invested in, traded, or used cryptocurrency compared with 17% of women in the same age range. Interestly, just 17% of all adults say they have invested in, traded, or used a cryptocurrency, according to the same 2024 survey. When it comes to buying on margin,in 2021, just under of a quarter, or 23%, of investors ages 18 to 34 said they have made purcheses on margin, compared with 12% of respondents aged 34 to 54 and 3% of respondents age 55 and older. Opening accounts is now easier and...

Exxon Mobile - Numbers On Option Prices Swirling In The Air

Is this a game to hard for the little guys to play in? I don't usually follow options on Exxon but I played them often forty years ago when I was a stockbroker. Back then the spreads on options were in 1/8 th's. Sometimes the back office would skim an 1/8 off the ticket fills especially if the ticket was for like ten contracts. Exxon had a big jump today. People again are talking about the price of oil.
Might it retrace half it's gains?
I note that in the last six minutes of option trading on the day today (Tuesday June 7th) these option prices remained unchanged. That's a bullish signal as day traders were not anxious to cash out. Let's see what happens next. I jumped in and watched the "oil news". Every hour a new article would seem to pop up about why it is surging. Is it surging or spiking? It's a game most people should not being playing. It's dangerous and it's price swings are impossible to predict. I got in on Tuesday and on Wednesday with Friday Puts. I don't want to tell you what I got out at but my perspective is that the exercise requires way too much babysitting. If your running on profits and if you want to see if you can extend your winning streak then go ahead and knock yourself out and try it.
It's not a fun game to play because so much of what might happen is out of your control. Look at how the spike I was initially attracted to turned out to be a nightmare until Thursday. There is a lot of short term action in this five day chart. It's crazy. *** Look at what happened to Exxon the following Monday.
Sometimes it pays to buy options two weeks out and not only days from expiring. ** a June 17th update. Look at this stock drop over five dollars in one day. What a freefall.

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