Behold the latest example, from someone selling information, producing videos etc:
American vs. European style options:
American style options such as OEX or SPY can be traded anytime. European style options can not be closed until their expiration date. I prefer to trade American style options since I can buy and sell them out when I want.
LMAO
Of course European style options can be traded into and out of, anytime, just as American style options can. Jesus! We ALL know that one don't we? (For the newbies reading this, American or European style refers to when options can be exercised, not whether they can be closed out or not.)
Further down the page, we are served up this little beauty, in big bold type:
Turn $1000 into $124,000 in One Year!!!
Where do I sign?
3 comments:
Wayne,
The amount of misinformation that is promulgated either as a function of stupidity, or fraudulently is at horror levels.
Ultimately, caveat emptor, the market will assign profits and losses accordingly.
jog on
duc
That is quite an elementary "mistake". Judging from the design of the site, it looks more like an internet marketing gimmick than one whose sole purpose is to teach options.
Scary!!
I appreciate it very much, at least I know from it someone is reading the contents I have here.
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