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Step Up To Options

Ep 1.4 - The Trading Process

Step Up To Options

Options involve risk and are not suitable for all investors. Please read Characteristics and Risks of Standardized Options before deciding to invest in options.

The most important aspect to trading is understanding what opening and closing means. Regardless of if you sell or buy, short or go long, the trade has to be opened at one point and closed at another.

When you close a trade, you end the activity period on your trade. Options have a finite activity period while stocks can potentially be held forever. The minute you close out though, your gains become realized and the trade no longer impacts your portfolio.

The dough platform has moved to a new brokerage and has a new name - tastyworks! If you visit tastyworks and sign up for a brokerage account, you will be able to use the platform seen in Step Up To Options. Stay tuned because Step Up To Options 2.0 featuring the tastyworks platform is coming soon!

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