If you going to add Options into your Strategy.

If you going to add Options into your Strategy, I suggest opening a second Broker to handle that not all Penny Stock friendly brokers are good for Option Trading. I suggest TradeKing if you want to Trade Options, for Penny stocks TradeKing might not be the best because the commissions are high.


TradeKing offers 4.95$ trades on anything above 3$ i think read to make sure, and 60cents for options contracts that is super cheap compared to the fees at Scottrade. I use both one for Penny stocks and Options on the other. 

Another thing I like about TradeKing is that they have an awesome educational center on the website that goes deep into options strategies that are easy to understand.

If you have an IRA account or Roth any type of IRA, I suggest you look into Options Trading to build extra tax free wealth into your IRA account. Some companies even offer you 4:1 match of what you trade (e.g. u put in $1,000.00 they match u $4,000.00), so that = FREE $$$ just something to think about.

why let your IRA sit and collect dust when u can trade Options with it and build wealth?  remember TradeKing is one of the best options brokers IMHO.

GL Trading. =)