I did "autotrade" with several services.... including Red Option. Red Option was the best. But like any other Option service........ one period of bad trades easily wipes out past winnings. All these services trade all the time.... they have to or the customers get pissed. The best way to trade is always recognizing that not trading is part of a trading plan. a very important part. DON'T DO THIS!!!!!!
If you are "really bad at options", then trading options is a dumb idea.
1) You don't know enough to tell if a service is any good.
2) You don't even understand basic option exercise.
3) There are many investments easier and safer than options.
I was looking into this service and was wondering about what others might have experienced. I don't mind the risk of losing a few bucks. My main concern is that an in the money strike goes past expiration and I end up with 100 or more shares of a stock that I don't want. I was told that this almost never happens, just the same that's scary. My real reason for doing this is I'm really bad when it comes to options and I need help.
