"OptionsXpress is headquartered in Chicago, Illinois". --- I was advised last year by OX support that their rules were different to the US laws and were based off Australian laws. Turns out this is incorrect and WIKI confirms it. My account has been "downgraded", to put it loosely, due to breaching the PDT rules. I wasn't aware I was effected by it. So, be aware, if you use OX you need $25k + in your account so you're not effected by the PDT rule. I'll be adding funds Monday so I can get back to some hands on learning. Call them to confirm if unsure.
Just had a read of this strat @sentinelgroup.com.au. It's very interesting. My friend at work knows tons on Options. Ill ask him about it. Looks like if you buy a big chunk of shares cheap you could go to town on it.
I dont have any links I didnt learn it from the net I did many courses and years of pratice and trial and error covered calls are fairly simple and low management with about 3-5% returns per month not the big so called returns on trading but that is if u can get em at least this way u hold a big blue chip shares and if u got 50k theres a wage of 1500 -2500 a month more than enough for thailand
Cheers Mav. I was just after some definitions to understand it better. Investopedia had good explanations. It's a good plan and something i'll look into as well later thanks to you. I'm not greedy, just want to stop the "9 to 5 career" thang.
thats the way same as me i aint into materlistic crap i just want income for freedom and travel,also if you go to asx.com.au they have some examples least you can learn for free i paid thousands to learn what i know,bhp and ncm pay some of the best call premium and ncm is going really good now and will be a great long termer for me
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