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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...

Boeing, Ford, Caterpillar and Tesla All Charged Upwards On The Week and Nio

Perhaps the best week of the year for Call option players with a short term perspective.
Tesla for example up like thirty dollars on the week. There were short term options on it that increased ten fold. The little exercise I wrote last week about buying Ford Calls at six cents each that ended up on the week selling for over one dollar each a contract actually happened. Is there a need to teach people how to play options? Yes and no. There is an expression 'knowledge is power'. There is the expression 'the rich get richer'. There is a proverb that says 'you can lead a horse to water but you can't make him drink'. But then again people have mortgages and bills to pay and money to play option with doesn't grow on trees. Who am I to tell people what to do? Spreads and straddles and doing iron condors. Sophisticated option traders describe the experience of playing options to being like driving an airplane and pulling levers at the appropriate times to help level out the ride. What do I enjoy the most about option trading? I like earning seasons and reading or hearing the comments made by company directors about future stock projectories. Harley-Davidson for example talking about more normalized markets for them ahead. I like listening to earning conference calls. I like focusing on the four stocks listed above because to me they are all "workhorse" stocks that have stories to tell. Somedays or weeks I like to walk away from the markets knowing that when I come back my absence away in a strange sort of way will actually help me focus on new opportunities with fresh eyes. That said, it's Monday morning and the markets are opening in two minutes. Have the markets run out of steam? Look at this action on the first fifteen minutes of trading. The auto stock Nio I talked about last week. First look at the one day spike it had last week. Does that suggest it could happen again?
Wasn't the stock ripe to have a repeat jump this morning?

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