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Old 12-03-2004, 05:30 PM
Keres Keres is offline
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Join Date: Feb 2004
Posts: 1
Default Re: Who \"gambles\" in the options market?

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In my opinion, the options market is like a big poker table with a high rake and some of the players are world class. 90% of players lose money. Be honest with yourself; are you really world class and do you have superior information to the market enough to beat transaction costs and make a profit? Usually the answer is no. Happy investing.

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This is probably the best advice one can get on the subject.

"Options, Futures, and Other Derivatives" by John Hull is worth reading if one's serious about derivatives. Great book.
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