Most Successful Option Traders:

After years of practical experience, I can name many option traders, who made millions through options.

Your question is pretty interesting but I am a little curious about whether you know the secret funda of their success.

Besides successful millionaire traders, let me tell you the key points they usually focus on, and what is option trading that fascinates every aspiring trader.

Key Points Followed by Millionaire Traders:

If you go through the statements of a  billionaire/millionaire you will find several of these stated points coincidental.

Some of those facts are to maintain the habit to learn, learn, and learn, to develop a winning strategy, and to define calculated risk management techniques. In addition, stay disciplined, be patient, and choose the right mentor in the stock market scenario.

What is Options Trading:

Options trading is a steady flow of buying and selling of stocks belonging to various portfolios. In the course of buying and selling contracts, you can utilise different strategies that form the building block of option call, and option put.

The strategies like strangle, straddle, and butterfly are used for option selling. You will come across strategies like naked call option, and married put that are suitable for option buying.

Option Traders who made Millions

Karen Bruton:

Certain people are spoken about quite often, since their business success fascinates all. Karen Bruton, has set her mark as a super trader for the outstanding performances.

In a few years of effort, she has made an exceptional progress of $41 million with an investment of $100,000. Karen’s most favorite strategy is conservative strategy known to be ‘selling strangles’ that did give consistent income over investments.

Nicolas Darvas:

Nicolas Darvas belonged to the 1950s and established a mark in the stock markets by framing his own trading system called ‘Darvas Box.’ As a professional dancer, she earned $2 million and her winning funda included an excellent fundamental and technical analysis.

Tim Sykes:

Tim Sykes, during his college days made an investment of $12,000 and it turned $4.3 million when he was 22. He is good at teaching option trading and stocks and conducts training courses in the online platform.

List of Billionaire Option Traders

Warren Buffett:

Known for his value investments, Warren Buffett has made huge money on option trading. In fact, Buffett earned a huge amount in premiums about $4.9 billion.

Bill Ackman:

Bill Ackman is a hedge fund manager, and holds a position of CEO in Pershing Square Capital Management which made huge profits in option trading.

He is involved in credit default swaps, a form of options contract. In 2020, Bill Ackman makes 2.6 billion for an investment of $27 million.