Think About What You Are Doing

I don't have time for this! Looking at stock and option screeners, making a short list, doing the fundamental and technical analysis, and using an option calculator to figure out the Greeks can be exhausting. Bust my butt and then after all that work, get kicked in the teeth.

I love option trading but-to be honest-there just isn't enough time for me to do all the due diligence and I'm not so sure that I will ever acquire the level of knowledge that other traders have. Just when I think I understand it, I find out I'm just scratching the surface. I think I've bought into the illusion of my own abilities. So, the question is: do I want to be trading options because of my ego or do I want to make money? Do I want to complicate my life even more than it is or do I need to start doing an analysis of the cost benefit of how I use my time? Seems obvious, doesn't it.

optrev.com just came out with a new program; it's something that makes a lot of sense. They will use their professional trading expertise to not only trade their own accounts but will let a subscriber to their service look over their shoulders and make the same option trades they do. Not only that, they will send emails or text messages when things need to be attended to. This new program appeals to me because it does three things: 1) Makes me more passive income; 2) Allows me to focus on other aspects of my life; 3) if I want, I can learn the real nitty-gritty of options trading from the pros. No more wasted time trying to keep up with something that requires full time commitment and, yes, maybe a better intellect than I possess. So be it. My end game is to optimize passive income and if the cost benefit is there-only ego would stand in the way.

I look at it this way, if the optrev.com program can show me just a net return of over 15% per year, it's a no brainer. That's my criteria. Moreover, I won't have to use my free time reading about things I really don't like. My quality of life should improve greatly as a result of the added free time. FOUR!!! MATCH POINT!!! Good bye, Black-Scholes. Hello better returns on my investment capital.

I have an IRA that has been languishing and loaded down with low yielding but "safe" investments; just what you don't need in a tax advantaged investment vehicle. How stupid! That's where the higher risk-reward money should be to juke by the capital gains taxation. But high reward investments need high level knowledge to reduce the risk.

I know enough about stock options to know that they are fantastically flexible and can be used effectively in any market condition. But to realize that potential by myself just isn't going to happen. All you have to do is go to some of the stock option trading blogs and read. It takes about two seconds to see that what the small investor knows about stock options is rudimentary at best. Besides, if a pro can't get me at least 15% returns a year, I think I'll start investing in laddered bonds and forget about the markets altogether.