Do you gamble on options ?

Question

90% losers

Answer 1

Never gamble on options.....you can loose massive......if you understand options you can succeed.....what I'd suggest start by trading almost riskless option models then move from there.

Answer 2

Options should not be thought of as gambling.  Essentially you own a contract (100 shares) giving you the right, but not the obligation to purchase the underlying asset (stocks commodities etc...) They can be calls (stock goes up you make money) or puts(stock goes down you make money)

Many times options can be considered insurance for a portfolio.  If you owned a large position in Citigroup last year, say 1000 shares, it was worth roughly 57000 at its high. Today it is worth around 17,500.  Had you bought 10 puts at both maximum time and bottom price, you would roughly be even money.

Options give you the chance to own an underlying asset without putting all of the capital in it.  If your stock or commodity goes the wrong way, you are only out your contract price.

Answer 3

No, but I trade options and I have never had any streak were 90% of my trades were losses.  I have been very successful with my option trading, and many of my associated also have made large amounts of money trading them

Option trading is not gambling if one knows what they are doing, why they are doing it and the rules covering what they are doing. Only the uneducated believe that options are gambling.