[nilamo]

I think it comes from decades of fear mongering over how "dangerous" stocks and options are. If you can, instead, explain to an llm what your goals are, it can set up a simple buy-and-hold for you.

Basically what investment agents used to do in the 80s-90s where the only way to make a trade was to call someone at the broker and explain what you want.

Taking a step back, I see this as what llms are actually useful for. Empowering people to do things they might otherwise need to study and research for a few weeks to do. When ultimately, that research is just unnecessary gatekeeping.

[righthand]

Fidelity makes you wait a short period of time after turning-on the “stock options” setting. They also give you documents about options and how to trade them and what to look for. They also ship that same information in a booklet in the mail to you. They make a best effort to inform you of the risks and benefits. I wouldn’t call randomly placing an options bet something you would want to bypass research on…and I frankly think your line of thinking is a dangerous way of operating in the financial space. Especially where it’s critical to understand how moving your money around penalty-free works with different types of investments.

And it shouldn’t take you weeks to understand how to trade options or any of the myriad of ways you can invest.

[nilamo]

And I don't think any of that documentation or warnings should be applied to covered calls.

[righthand]

Robinhood allows you to trade on the margin by default IIRC.

Also the only fear mongering I can imagine is if you were someone who thinks learning things sucks. Otherwise I’m not sure what fear mongering you’re talking about. I have never heard or read any advice to not trade options because they are dangerous. Just that you should understand what you are doing because there is risk involved.