I gained over $1000 on my DIS today. It will cost me $274 to protect 100 sh (about 1/4) of my position with a put option for next week. That's costly.
FINRA should advocate my right to buy & sell options on a fractional basis. At a cost of $2.74 a sh I should be able to buy a fractional put for as many shares as I can afford.
There is no need to make it more difficult with tests or special processes to purchased leveraged and inverse funds.
There is a great need to allow investors to buy/trade fractional shares of stocks and ETFs and options controlling as little as 1 sh.
This capability is long over due. Mutual funds can be bought/traded with no knowledge of NAVs. You simply indicate you want to buy say $1000 of the fund and you'll own some. Likewise you say you want to sell $100 of the fund & you can turn some of it into cash.
Trading options, stocks, & ETFs should be just as simple.
It is hard to figure out a bear strategy as protection for a mutual fund losing value. It's much easier with leveraged ETFs. Right now, LABU is about $6 & LABD is about $61 a share. LABU is the 3x ETF Biotech Bull & LABD is the Bear.
Any investor should be able to say I want to buy $100 worth of LABU and say $50 worth of LABD. That is far simpler for retail investors with little money to invest than having them to understand bond markets.
To help promote see-saw investing trading sites should include a hedge link for every stock or ETF page.
Go to the link and you arrive at what the site believes is the best stock or ETF to buy as protection against downside in the stock or ETF you really want to own.
Jerry Hanley Comment On Regulatory Notice 22-08
I gained over $1000 on my DIS today. It will cost me $274 to protect 100 sh (about 1/4) of my position with a put option for next week. That's costly.
FINRA should advocate my right to buy & sell options on a fractional basis. At a cost of $2.74 a sh I should be able to buy a fractional put for as many shares as I can afford.
There is no need to make it more difficult with tests or special processes to purchased leveraged and inverse funds.
There is a great need to allow investors to buy/trade fractional shares of stocks and ETFs and options controlling as little as 1 sh.
This capability is long over due. Mutual funds can be bought/traded with no knowledge of NAVs. You simply indicate you want to buy say $1000 of the fund and you'll own some. Likewise you say you want to sell $100 of the fund & you can turn some of it into cash.
Trading options, stocks, & ETFs should be just as simple.
It is hard to figure out a bear strategy as protection for a mutual fund losing value. It's much easier with leveraged ETFs. Right now, LABU is about $6 & LABD is about $61 a share. LABU is the 3x ETF Biotech Bull & LABD is the Bear.
Any investor should be able to say I want to buy $100 worth of LABU and say $50 worth of LABD. That is far simpler for retail investors with little money to invest than having them to understand bond markets.
To help promote see-saw investing trading sites should include a hedge link for every stock or ETF page.
Go to the link and you arrive at what the site believes is the best stock or ETF to buy as protection against downside in the stock or ETF you really want to own.