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Not even to mention using options to play S&P 500 futures. If thats a little rich for you theres also mini version of that and the Nasdaq 100 (ES, NQ respective
by SavageBeast 6y ago
Not even to mention using options to play S&P 500 futures. If thats a little rich for you theres also mini version of that and the Nasdaq 100 (ES, NQ respectively). The thought of a well known and capped loss amount on a long call/put is very attractive and perfectly suited for this kind of gambling.
If the mini version is still too rich for you don't despair - theres MES and MNQ which are Micro versions of the Mini versions. The option activity on those isn't so great but you can afford to trade the underlying FUT without going broke the very first mistake you make.
Put another way - you can lever up and make a lot of money off a small move -OR- you can try to make a large amount of money on a large move. One of these 2 situations is relatively common and the other is a moonshot.