Hi, new to trades wolud like to ask about options

[dk69dk69]

Hi,

First I heard of a company name elite option trader - does anyone know anything about them?
Second I don't know how to make an option yet but they promise a huge profit with examples of shares going up 28% and a profit of more then 300% is this possible with options?

I would appreciate any help in understanding the options system.
Thank you.

 

[A Dashing Blade]

Try reading a book.

 

[£10kLoser]

It's certainly possible with options but then big profits are just as possible trading futures or spot prices. Anyone can give impressive examples but they usually don't list their losses. You can buy out of money and nearly out of time options for peanuts and if you get a freak turnaround on the volatilty at the close you can make 2,000%. Mostly, obviously, you'll lose.

I started off trading options 10 years ago and soon found my money was disappearing in the time component which decays away hour by hour, day by day. Normal trading is more profitable if you get it right. If you get it wrong, you lose whichever you do.