The "daily Call" From Option Alpha: Options Trading | Stock Options | Stock Trading | Trading Online

Hey everyone, Kirk here again and welcome back to the daily call. Today’s call I think will be a little bit fun because I often get questions about this topic and I wanted to address it in a short little podcast really because I don’t think it takes too much time to address. But the topic we’re going to discuss is how to trade options with $1,000. A lot of people who get started in options trading, options newbies, want to get going really, really fast. They’re excited, I get it. They see potentially the income that you can generate with options, the non-directional approach to the markets. They love everything about it, but they just maybe don’t have enough capital to start. A lot of times, I get emails from people saying, “Hey, I’ve got $1,000 saved up. How do I get started?” Let me first say and state that I don’t think $1,000 is enough to start trading options. What I typically tell people to do is I typically say, “You need to save somewhere between $3,000 and $5,000 to really get a good start at this.”