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Options trading - Guaranteed Profits even for Newbies?

  • #21
  • Mar 1, 2010 2:18am Mar 1, 2010 2:18am
Quoting igauresh
For all those bashing up this thread... well firstly open a demo account with ICM trading and try it out ... You have no idea of what u are even talking about...

As for Ronald Raygun ... I bought the options for 1 month period... though i sold them mostly in a couple of hours... since u see in ICM the price(premium) doesnt change with every pip. It is like a block which moves every 50 pips of price movement... so i buy the option when the price is fluctuating between 0.0001 and 0.0002... buy low sell high ... the price of the option fluctuatates...
Letīs say eu/usd is at 1.3625. Next available strike prices are 1.3600 and 1.3650. So you buy a call option at the lower or higher strike price ?

What are you afterwards looking for in order to close the trade in profit ?
  • #22
  • Mar 1, 2010 9:38am Mar 1, 2010 9:38am
Quoting globalinvest
Letīs say eu/usd is at 1.3625. Next available strike prices are 1.3600 and 1.3650. So you buy a call option at the lower or higher strike price ?

What are you afterwards looking for in order to close the trade in profit ?
Premium is 0.0001 if you wait until 0.0002, you double your money. I think that's a good place to take profit, don't you?
  • #23
  • Mar 1, 2010 10:07am Mar 1, 2010 10:07am
igauresh, are you buying options at the same price? Or are both put and call options out of the money?

If both are out of the money, what you're doing isn't a straddle, it's a strangle.
  • #24
  • Mar 1, 2010 10:19am Mar 1, 2010 10:19am
This is a series of profit and loss (P & L) charts showing the difference between straddles, and strangles.

http://www.finotec.com/images/long_s...e_strategy.jpg


http://www.finotec.com/images/short_...e_strategy.jpg


http://www.finotec.com/images/long_s...e_strategy.jpg


http://www.finotec.com/images/short_...e_strategy.jpg
  • #25
  • Mar 1, 2010 10:26am Mar 1, 2010 10:26am
What's interesting is that ICM lets you buy options at 0.0000

So, at the beginning of a month, buy as many options at 0.0000 premium as you can. Bank when the premium becomes 0.0001

Interesting way to run an options brokerage.
  • #26
  • Mar 1, 2010 12:53pm Mar 1, 2010 12:53pm
I took my 100,000 demo account and turned it into a 1,000,000,000,000 (trillion) account using my 0.0000 premium option strategy. Theoretically, I could've made more money, but I got bored opening the same orders again and again.

There's no way this is sustainable in real life, but the edge does exist. So if you think you can pull it off, go ahead and do it.
  • #27
  • Mar 1, 2010 1:06pm Mar 1, 2010 1:06pm
Well if they don't let you bank the money then....what's the point.
  • #28
  • Mar 1, 2010 1:10pm Mar 1, 2010 1:10pm
Point is to get sign-ups..

No other broker or spread betting firm does this sorta stuff
  • #29
  • Mar 1, 2010 1:11pm Mar 1, 2010 1:11pm
Quoting Sim
Point is to get sign-ups..

No other broker or spread betting firm does this sorta stuff
I meant point for the trader...
  • #30
  • Mar 1, 2010 1:14pm Mar 1, 2010 1:14pm
Lol...why would someone ask that
  • #31
  • Mar 1, 2010 1:22pm Mar 1, 2010 1:22pm
Are you serious? Idk maybe because its a trading forum.
  • #32
  • Mar 1, 2010 1:31pm Mar 1, 2010 1:31pm
Quoting Deusomega
Are you serious? Idk maybe because its a trading forum.
lol i love this response
  • #33
  • Last Post: Edited 2:45pm Mar 1, 2010 1:54pm | Edited 2:45pm
OMG I can't believe this thread is still going. This broker is going to just let you suck all of this money out with no risk because of some supposed oversight? I don't think so. You get to make all of this cash with no risk and they get no cut?

I'll waste a little more time and re-read the beginning and pull my post if I've misunderstood.

Edit: Okay, I've re-read it. Forget it. They will close that loophole up - or already have. No, it's not legit since you found a way to exploit their system
with no risk. They won't pay out.
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