Why Do You Trade Options?

A lot of people ask me why do I trade options. Below I will list my personal reasons for trading options.

Big Gains For Small Accounts
Well, with option trading, you can make a lot of money with little investment. Yes, it does sound too good to be true but options move so fast. If you can recognize chart patterns, you can scalp an option itraday for a quick 30-50% gain. I've also seen options have intraday gains of 100%, 200% and even 1000%. My biggest option profit has been 80% in 15 minutes.
Like all trading, options do carry risk. Yes you can make the above percentage gains on your investment, but you can also lose your entire investment. The best thing about options is you can only lose whatever you put into it. So you have the posibility to gain make 200% on your money, but you can only lose what you pay for the contract, not 200%. Example: I buy 1 option contract for $100, I could make a 200% profit on it ($200) intraday, but if I hold the option and lose money on it, the most I could ever lose on the trade is $100.

No Pattern Daytrader Rule
Yes, if you have a margin account, you will still fall under the PDT. BUT, if you have a cash account, the PDT does not apply to you. Options settle overnight, so get a cash account and don't be restricted by the PDT.

Play The Big Boys
Options allow traders with small accounts to get out of pennyland and trade the big board stocks like AAPL, GOOG, FB, etc.