I mean I actually like derivatives for hedging. I used to get 6 year contracts for electricity prices for my business. They saved my ass during covid/ Russia war. Prices climbed so fucking high that power contract became a financial asset. I like the fact that I can insure my stock portfolio with put contracts, I like that I can generate some income selling call contracts, and yes sometimes I even do short term speculation with options. If it’s good enough for Nancy Pelosi, it’s good enough for me! that being said it has gone way to far and there should be way more regulations and oversight because it is just a big casino and robin hood would let a child buy calls if it could access the phone.
I mean I actually like derivatives for hedging. I used to get 6 year contracts for electricity prices for my business. They saved my ass during covid/ Russia war. Prices climbed so fucking high that power contract became a financial asset. I like the fact that I can insure my stock portfolio with put contracts, I like that I can generate some income selling call contracts, and yes sometimes I even do short term speculation with options. If it’s good enough for Nancy Pelosi, it’s good enough for me! that being said it has gone way to far and there should be way more regulations and oversight because it is just a big casino and robin hood would let a child buy calls if it could access the phone.