Thanks Chris, and hey guys - thanks for checking out Gatsby!
We think that options are really powerful, and yet none of our friends use them because they feel too complicated. We wanted to re-think the experience to make it simpler and more social. We're in beta and are onboarding waitlisters each week over the next couple months. Please signup and give us feedback!
@jeffmyers123 Answering a couple q's below! There is no account minimum to get started. You connect your bank details securely with Plaid, and can start trading within a few minutes of signing up. You can see what your friends are trading on / against. We don't do binary options!
@al_seeclickfix We really want users to be able to make their first trade without any prior knowledge of options other than a suspicion that the stock will move up or down by a certain date.
This is a brilliant product that gives everyone now the 'option' (uh hu!) of trading within a much simpler and intuitive environment - great job Gatsby - well done.
I'm very skeptical about these products that "simplify" things like options trading. There's a lot of depth to options trading that goes beyond betting on an upside or downside of a stock and these products seem to be adopt this vulture-like mentality of trying to engage a lot of potential investors by saying here's this really way to make a lot of money in the market and this simple approach. You can lose a LOT of money trading options and the risks are far greater than just trading stocks ( time value is against you when you buy options, not when you buy stocks, you can lose money on loss of volatility in options etc...)
This is great. I'm interested in options trading so would love to try this out. Do I need an existing brokerage account (etrade, etc) that you link to in order to place options trades, or are you guys a new type of broker similar to how robinhood is?
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