terrisiri
It's FREE. The main function will be an EDUCATIONAL site for beginner stock traders. There will be an upgrade for SMS/email alerts, etc but the fee would be about $4.95 month. However, the OPTION TRADING CLUBS will require the $4.95 subscription fee, a min. investment amount and about 5% profit fee. BUT unlike the lottery, you see immediate profits via selling WEEKLY covered options (Calls/Puts).
MIN INVESTMENT
For example, EACH option club would focus on a single company. Each investment would need to invest enough money for 1 option contract. In other words, each investor would have to purchase 100 shares (100 shares = 1 option contract). THUS, if we have 200 investors, we can trade 200 contracts per week.
PROFIT EXAMPLE
(1) We sell 200 PUT contracts @ 8.50 STRIKE price for 1 week and get paid a PREMIUM of $8,267.40 which would be divided amount the 200 investors. IF the stock price stays above $8.50, we walk away with the premium and don't have to buy the stock then we make another trade for the following week. IF the stock price falls below $8.50, we buy the stock and then SELL a CALL for the following week.
(2) IF we buy the stock, we SELL a CALL @ $9 STRIKE price and receive a $6,067.45 premium payment. Since we purchased the stock at $8.08 and sold it at $9.31, we would make a profit of $24,600 ($9.31 - $8.08 = $1.23 per share profit). THUS, each investor would receive $123 on an $800+ investment and the profit growing. Investors can invest additional funds to buy more contracts to receive more profit.
We keep this going week to week. Even raising or lowering the STRIKE price as needed. And each investor will make continuous profit on their initial investment. And there would be full disclosure. Meaning, each investor will receive TDAmeritrade trade reports.
To start the OPTION TRADING CLUB, I will invest $50,000 cash of my own money. As an INCENTIVE, this will allow the members to get a little more profit than if they only invested their own funds.