Quote:
Originally Posted by ME_Andy
I'm curious if anybody can even think of a single good reason to have options and derivatives.
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No. It is just gambling.
Supporters claim that they can be used as a hedge against market volatility. You can buy an option at a low cost to hedge against your main position. My take on that is if you are so overextended in your position that you need to buy insurance if it fails then you should dial it back to what you can afford.