It was the summer of 2019, Gus Vera was recovering from bad business ventures with even worse business partners. He was struggling with debt and could not see a way out. In a desperate attempt to correct his situation, his younger brother introduced him to stock option trading.
Gus previously thought that in order to make high profits, you needed to have a lot of capital- which is a common misconception. Between his brother’s knowledge of the basics, and his ability to read charts, they made impressive gains the remainder of the year.
Suddenly, his bleak outlook on his financial situation was turning around. He gained enough skill to scale $2,500 into $1.3 million. Unfortunately, shortly after finding a winning routine with his trading, the global pandemic hit. This made him lose around $150,000. Instead of slipping back into old ways, he turned it into a learning moment on risk management. Now, on top of his winning system, he knows how important it is to set targeted goals instead of only chasing big profits.
After trial and error, his mentor and a good friend helped him create a platform where he could teach his successful ways to other hopeful traders.
About Trading Stock Options
Trading stock options is an excellent way to grow wealth. It gives an investor the right, but not the obligation, to buy or sell a stock at an agreed-upon price and date.
A stock option’s intended use is for buying and selling the underlying stock. To do this, the option can be held until expiration and exercised giving the option-holder a more profitable trade of the principal stock.
Although that is the literal meaning of a stock option, most people trade options as if they are their own commodity. The stock option’s value increases when the underlying stock reaches a price near the option’s strike price, and can then be sold for a profit. The opportunity lies in trading the option.
For example, Apple’s (AAPL) stock price is currently trading around $135, to trade the actual stock, you would need a lot of capital to make a significant profit. However, with an AAPL stock option, you can leverage a small amount of money to make a larger profit.
If AAPL stock is roughly $135, and you think it will increase to $145 within the month, to profit $100 you would have to buy 10 shares, costing $1350 ($135 x 10 shares = $1350).
However, say you buy a “call” for around $267 that expires in 30 days, which leverages 10 shares of AAPL. If AAPL stock increases within the 30-day time frame, you will make a profit. Even if AAPL doesn’t reach $145, the option’s value will increase by a larger factor than the principal stock.
Become A Student
There is an abundance of information about trading stock options, and it can be daunting to search through all of it. That’s why Gus started Options on Wall St. He knew that other people might be suffering through a similar situation he went through and wanted to share his knowledge and experience in an easy format.
If you’re new to the stock market and want to learn how to trade stock option contracts, the Options On Wall St Student Program will teach you everything from the basics to technical indicators top traders use to profit. You will learn during weekly student meetings, webinars, recordings, and even have access to their trading room.
If you know what you’re doing, but want to solidify your knowledge, increase your wealth, and have access to like-minded people, subscribe to Options on Wall St’s Discord server (an instant messaging and digital distribution platform). As a member, you will be provided with the entry and exit signals, strategies, education, opinions, and access to automated financial and news bots. Their team will track global trends, intraday data, and a plethora of information about stocks, the stock market, and stock option contracts to share.
When you join Options on Wall Street, you’re not only giving yourself an opportunity to grow financially but also personally. Setting yourself up for multiple streams of revenue is not only smart but necessary. If 2020 has taught us anything, it’s that we need to learn to adapt.
Join a community of traders who all started with nothing, but are now equipped with strategies that increase their profit. They want to pass it on to new traders in hopes it will change their life.
(Syndicated press content is neither written, edited or endorsed by ED Times)
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