Site about blue chip stock options and other information

I’m not an options expert, but I did find an interesting options site for you. Foe example if you look at this page on blue chip stock options, you’ll see they recommend day traders look to the OEX, an index fund designed for day trading the top 100 blue chips at once.

If you’re like me, you’re not sure what to do with this information but if you have time to invest (unlike me) that website does offer “option training education through our stock option trading system.”

The online trading homepage explains a bit more. You can get some free information via email and if you register with them they send you “a complete Pre-Market Alert that provides the trader with all the tools and resources they need to make smart financial option decisions” every trading day.

The sample Pre-Market Alert does contain some technical language so this service seems more appropriate for educated investors who know the jargon. This makes sense since day trading in general is for investors who have been around long enough to talk about pivot points, average true ranges, signal count strength, etc.

Personally I’ll stick to my regular system, which isn’t technical or creative. I buy index funds, including ETFs and trade online with Ameritrade or directly with Vanguard. I’ve never tried options and I’ve never day traded so options day trading is too big a leap for me.

OEX Options does offer a 15 day free trial, but I couldn’t find any more about the “option training education” – perhaps you’re supposed to learn by trial and error (or by reading the reports and recording what you would have done if you had real money at stake).

Still, the site is interesting if you’re ready to experiment and learn. If you have the time to invest why wouldn’t you fo for a free trial. You don’t have to put real money down to see if you can make this system work.

Comments are closed.