Best way to trade options with $500.

Discussion in 'Stock picks and trading strategies' started by Nate Stetler, Mar 16, 2017.

  1. Nate Stetler

    Nate Stetler New Member

    So I'm fairly new to trading options, does anybody have any recommendations for trading consistent options with a small amount of cash? Wish I could write calls but I don't have enough to buy 100 shares, also it's pretty hard to get approved for margin. Thanks
     
  2. Acstudio

    Acstudio Well-Known Member won penny contest 44x won weekly contest 40x won weekly contest 41x simulator winner 20x

    Do you have at least 2k in cash?
     
  3. Nate Stetler

    Nate Stetler New Member

  4. Acstudio

    Acstudio Well-Known Member won penny contest 44x won weekly contest 40x won weekly contest 41x simulator winner 20x

    You'll need at least 2k in an account to have margin, 2500 is better if you can. While you are saving your pennies watch Tastytrade.com and learn how the options market works.
     
  5. ineedupticks

    ineedupticks Member weekly contest winner penny contest winner

    just as acstudio said - you need 2k to trade options but anything level 3 or 4 requires 5k
     
Loading...

Share This Page