BROWSE BY TOPIC
TRENDING TAGS
Stories of Interest
- SEC Charges Additional Defendant in Fraudulent ICO Scheme
- Warren Buffett Simply Blew it on Wells Fargo Stock: Dick Bove (Video)
- Barclays and Deutsche Bank to Lag U.S. Trading Peers
- NY AG Schneiderman Seeks to Close Loophole That Could Let Trump Pardons Block State Charges
- 'Fearless Girl' is Moving to NYSE After Year Staring Down 'Charging Bull'
- What's In Your Wallet - American Express Shares Soar After Earnings Release
- Deutsche Bank's Executive Departures Continue Following Change in CEO
- Reflections of an Economist Commissioner (SEC's Piwowar)
- Billionaire HF Manager and The Fed Chair Runner-Up are Investing in New Cryptocurrency
- Court Finds 2 Brokers Liable for Fraud Involving Mortgage-Backed Securities
- One FINRA: An Organization’s Commitment to Diversity and Inclusion
- 2018 GASB Accounting Support Fee to Fund the Governmental Accounting Standards Board
- Barclays Eyes Move Into Cryptocurrency Trading
- Goldman Breaks From Wall Street Pack with Bond-Trading Boom
- Janney Montgomery Scott CEO Joins FINRA Board of Governors
- SEC Encourages Investors to Do Background Checks on Investor.gov
- The Martin Act: Wall Street Titan Takes Aim at Law That Tripped Him Up
- Bank of America’s Cost-Cutting Drive Pushes Profit to Record
- Larry Fink: Wall Street’s $6 Trillion Man Finally Worth $1Bn
- Activist Investor Wants Barclays Investment Banking Overhaul (Video)
ABOUT FINANCIALISH
We seek to provide information, insights and direction that may enable the Financial Community to effectively and efficiently operate in a regulatory risk-free environment by curating content from all over the web.
Stay Informed with the latest fanancialish news.
SUBSCRIBE FOR
NEWSLETTERS & ALERTS
FOLLOW US
Millennials Have Penchant for Risk – As In Options Trading
[Photo: Catalyst Consulting Group]
by Howard Haykin
E*Trade Financial announced the results of a recent survey among self-directed active investors who manage at least $10,000 in an online brokerage account.
- Two out of 5 (40%) millennials trade options at least monthly, compared with 25% of Gen Xers, and 14% of Boomers.
- Among all those who trade options: 36% do so to generate income; 27% to create leverage; 25% to hedge against losses; and, 12% to speculate.
- Millennials are the age group most likely to use options to create leverage - with 35% of the survey population; boomers are more likely to use options to hedge against losses – with 31% of the population.
“Millennials are digital natives. And within this context it’s understandable why this group may also be the most active options traders, as today there are a great many digital tools that make options trading easier to understand than ever before.” - - Steve Claussen, E*Trade VP of Trader Strategy.
Mr. Claussen adds that more leverage means greater firepower for millennials who, as they start out in the investing world may be more likely to have less investable capital compared to older generations.
