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by righthand 26 days ago
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.

1 comments

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