Quote:
Originally Posted by FMCoug
Lots of people lose money in options because they attract the same type of "get rich quick" types as MLM, etc
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Just thought of an example. I once attended an options trading seminar and got in a discussion with the guy next to me regarding covered calls. He said he didn't like them because the return was too low (only 5% or so per month). Perfect example of the retail options trader who has been sold the bill of goods by the seminar / dvd / newsletter providers that you can make enormous returns trading options directly.
These are the people that eventually lose it all and give options a bad rep.