Been lurking on this group for a while. I’ve only traded stocks ever. What’s the best way to start with options? Any great video tutorials or websites that can help me understand the basics. I only have theoretical knowledge of options thanks to a derivatives class I did at college.

like
Posting as :
works at
You are currently posting as works at

I also promote TastyWorks/TastyTrade. They have YT videos on everything options, even 2nd and 3rd derivative greeks. They do daily live shows walking through some different trade ideas, other commentary. A lot of great content.

Main downside (for me) is they promote option selling, which has a statistical higher chance of profit. I sell options on occasion, but I mainly play long.

Best practice in real time is paper trading. I've been trading options for 2 years, and it wasn't until this year that I was consistently profitable winning more than 50% of option trades. It takes time to figure out your style and discipline

likehelpful

The best advice I would give you is...
don't TRADE OPTIONS....
You will never feel the real stress but literally watching your options ALL DAY until your eyes bleed.
You'll sign up for TradeWiz, OptionsMaster, WizGuru, etc. etc.

all them are literal scams that charge a monthly sub fee, which they probably use to fuel their gambling addiction known as the OPTIONS market.

You want the safer route, write options.
See a stock you can afford 100 units of?
Write a PUT, think it's going to climb up?
Write the strike to your target, and it goes beyond that, guess what?
You keep the Premium and the money because you weren't forced to exercise.

Forced to exercise?
You now have 100 shares per contract of said stock, which you paid the strike minus the premium.
You can now write covered calls.
Think the stock is still going to drop and want to secure the price?

Write a covered call for next Friday on the price you think it will drop below.
Example:
AAPL 150 current price, think it'll drop to 143.5 next week
Write a covered call for 144, you get 6*100 + theta for the contract and if it is 143.99 on expiry then you get to keep the premium and your shares.
If it hits 138 (or if it gets exercised)
the premium covers some of the cost (the break even point is where the price and strike even out)
then you repeat the previous step if you want back in at a discount, strike at where you think it'll hit but go just below.

Repeat for weekly gains, and the risk is much less than betting on the options because when you own the contract, TIME IS AGAINST you.
When you write the options, worthless expiration is your sugar cube

likehelpful

The guys that founded Tasty Trade previously founded Think or Swim, now part of TDAmeritrade. Both have great videos and daily training and paper trading.

Tasty Trades has a greater emphasis on options trading. TDA has that support as well as options and futures trading for investing and for hedging.

Don't try to use all the strategies. Pick 2 and master them.

likehelpful

Mastering the Trade

helpful

Related Posts

Which credit card do you think is the best for ME consultants?

like

First time participating in ESPP this last period. I received a heads up email that Morgan Stanley will get in touch to open a broker account, but not heard from MS themselves. Anyone in a similar situation?

like

“It turns out that wealth does trickle down, you just have to make them bleed first”

I guess they didn’t like bleeding so they’re trying to manipulate the markets in their favor AGAIN.

Post Photo
like

Do you invest in commodities?

likesmart

£30k lump sump cash in UK, how to maximise returns within a 15 year time frame tax efficiently assuming liquidity is not required?

SO and I are debating contributing to 401k this year since the rate of return is around -11% on our portfolios this year. I believe it would be better off saving the cash in my account.

I'm thinking of contributing again when/if the market picks up next year. Thoughts?

funnylike

Anyone have any luck selling a condo in chicago using Redfin? The 1% fee for listing is attractive compared to the standard 6% with an agent. Are there extra fees with RedFin that I should be aware of? Looking to sell as quickly as possible so weighing the options and just starting to interview agents and look around for the best way to get my place listed.

like

I only have Reg left. I failed it once before. For those who have passed Reg what were some of things you focused on? Also if you have any study tips I would really appreciate it, tax has never come naturally to me.

like

Have ~15k to play with. Maxed 401K, plenty saved up for rainy day, good amount in brokerage account, no debt besides a condo I rent out and it has a bonkers low interest rate. I already play in the crypto space.

Any investment ideas?

like

Fishes honest opinion needed. Me and My so presently live in Arkansas, living in our first home with a child 4 year, both of us recently changed our jobs and have HHI ~ 420K, current mortgage 1600/month. We are looking to move to Dallas and thinking of buying a house ~996K with a 15% down. Questions -
1. Should we go for house of that budget? We can afford, but asking based on market.
2. Should we down 15% or just 5% ? Or go for 20% ?
*Getting a rate lock 4.25% 🤞🏼

likehelpful

Trying to avoid paying an accountant, can I actually write off home office space/mileage if I was just permalancing for 3 months last year? Shouldn’t the 7 months of W2 take care of this 1099 shit?

Hey guys, Can anyone please tell me if there is any restrictions on SPI in mutual funds in MS for employees.

like

My father took a home loan, and the same home is kept as mortgage.
I'm paying arround 22k emi for the same but unable to exempt tax as the loan is on my father's name.

I googled a lot how to transfer it but neither gift deed nor sale deed would work as the property is on mortgage that's under bank's ownership (until loan is fulfilled).
Tax is also getting deducted, I'm paying hefty emis.
What can I do?
Please advise 🙂

likefunny

Hello! I’m looking for an affordable financial planner based in Boston or available for a remote consultation. I am a professional in their later 20s looking to set up a budgeting plan for myself. Thanks so much!

like

I’m looking at investment a portion of my portfolio into alternative investments. Maybe around $30k to start. Anyone have recommendations or experience with Alt investment vehicles? (e.g., crowdfunded startups/real estate, PE, VC ETFs)??

like

If you leave J2 and get another (new) J2, does the first J2 show up on new J2 background check? Assuming these are w2 roles. If so, how do you explain that? 🧐

like

I work for a company that gives me RSUS as part of my compensation. Am I allowed to short the companies stock to minimize my downside risk in case stock price drops? I value certainty of my RSU payments over any potential upside

like
like

I'm from Baltimore, and lately, we have had a crazy buying spree, I mean I have sold the same property 2 times in less than 2 weeks, and the person who bought it immediately put it on the market and made an average of $25k in less than 5 days. Many reports show that investing in Baltimore and Philadelphia is the future, I don't doubt it. What is the fastest you have ever resold a property?

like

Hi fishes,

My CTC is around 12 lpa per annum. How can i avail max tax benefits?

like

More Posts

Is there anyone who has a contact at the Wall Street journal or NY Times or something like that?

I’ve been published for some thoughts on cybersecurity, but it’s was in a smaller IT Magazine. I’m trying to find the best way to take it to the next step for a freelance writing side opportunity. The writing is very separate from anything I’ve worked on in the Big4 or other consulting firms.. more about cybersecurity overall and the future, regulation, etc.

Any advice would be welcome. Thanks!

like

Hi, I am working as an associate in the sustainability team in one of the top consulting firms. I have an MBA from one of the old IIMs. I want to shift from sustainability to supply chain and logistics. Can anyone help me if finding a good opportunity in the field of supply chain.

like

Any guys wanna chat? Nothing exciting

likefunny

Yoe 12. Working in middle-east for last 5 years and KL for 2 years. in the process of finalizing interviews with HCL Technologies and Capgemini. What should be the package should I be asking for. Currently drawing 2.3L a month.

like

Hi Fishes, Kindly suggest pls. Sap functional with 6+ yoe. Cctc 8.2 fixed. Got offer from Accenture 11.5 fixed and Deloitte India 12 fixed. Which one to choose considering wlb, hike et. Accenture Deloitte India

like

Hi friends,

I got offer from a product based firm which offered me 24+2(variable) and joining date is on Monday. They have even sent me the laptop and welcome kit. But today I got one more offer from capgemini offering 30lpa. What should I do?

like

McKinsey & Company I did my final round with McKinsey today, and I I received a rejection call from the partner today. However, he said I did really great and wants to keep in touch with me. He also mentioned that I should reapply in 6 months. Does anyone have any similar experience? Do I have a better chance if I reapply next time?McKinsey & Company

like

What are some signs of burn out? This is my first professional job and i’m not sure what the signs are.

like

Anyone tried biossance skin care line? I’m Pregnant and wanted something safe and clean during my pregnancy.

like

Need advice and help.

I have realized I grew up in a household where my dad did not treat my mom as an equal. He belittles her, is rude and convinced his way is the only way.

It is painful to say, but some of this shows up in me and in my relationship. I am starting to catch myself, and it to me seems to be more of a reaction than anythjng that is ever intentional.

Wondering if anyone has dealt with something similar, and any success in making changes besides therapy. Cont. in comments

helpful

Hi, just got an offer for an L5 and could use some help negotiating. I’m located in LA.

Base: $180k
Equity: $164k
Bonus: $36k

Thoughts on whether base is fair? How much can I request as a sign on bonus?

Thanks so much 😊

like

Citicorp services india pvt ltd Hi Fishes,
I have an offer from Citi for 37 LPA, YOE 8.10 approx, got another offer from a SBC for 39 LPA.
Can Citi match my offer ? I would like to join Citi but I would want to understand if they can give a counter. Citicorp services india pvt ltd Citicorp

like

We have a lot of inexperienced managers and leaders throughout the company. I wanted to propose bringing on a L&D leader who has experience creating long-term curriculums for managers and executives. For those that have a management training philosophy, who runs it and how often,m?

likesmart

Hi folks,

If anyone is interested in below opportunities at Apisero Inc,dm me.

Post Photo
like

Hello all, Need help in choosing in between these two opportunities...

HashedIn by Deloitte @ 14 LPA (lots of perks provided by the company in form of employee benefits, New Project and Currently in Team building stage. So, the work will start from scratch)
Harman @ 15 LPA (In Samsung Project and the will have to work from client side office i.e. Samsung office itself)

Both are in Product Engineering domain in the Embedded Systems space.

Please do help by providing your valuable feedback.

like

On the verge of turning an hourly client into a retainer. Any tips?

Hours check anyone? I’m at 1400 to date with pro bono. 2000 target. On track but September is looking slowwwww

like

Anyone looking for accommodation near Citi kharadi Pune ?
I'm working in Citi and looking for the same.
We can find and share.
Please DM.

like

Just found out the "roadside assistance" for my Tesla doesn't cover emergency battery recharging. Wish I realized that before it became an issue

like

Please suggest companies to apply to for product management roles? Currently into consulting and serving notice period

like

Additional Posts in Option Traders & Investing

Dipped my toes in some dumbass hype stock - 60 shares of FMCI, planning to sell within 2 weeks

like

3/29 Thread (General):

like

When did this bowl become so competitive and spiteful? Why can’t we just be happy and support each other?

likesmart

Potential opp on the short side for TSLA?
- X

like

I have just got an options trader job at a prop trading firm. But I knew nothing about options/trading/finance. The firms said they’ll be officially training us once we start. But in the meantime, what are some books/resources that you would recommend to start learning first?

like

New to options on fishbowl - I have a call itm with Robinhood that expires tomorrow. If I don’t sell it, what happens? Will they exercise or am I better to sell it?

like

Thoughts on SNAP puts ? I feel like Snapchat is the least utilized social media platform behind IG, tik Tok and Facebook. Yet it’s basically at a 52 week high

like

Is anyone planning on trading water futures?

funnylike

Anyone else hammering AEO puts?

likefunny

Anyone else think big end of day drop? Scary weekend to hold long through

like

4/4 Thread (General):

like

$CS look past the noise on this one. Could be a huge price turnaround on a 2-3 year life time considering this is a on-off event that has now been priced in. I am going to scale into LEAPS. Small position starting today. Looking for 200-300% in 3 years on this. Was best quarter in years without the archegos debacle and lots of opportunity for rates to rise.

like

Any recommendations on trading platforms that allow you to set up automatic recurring investments in ETFs? Was surprised to learn i cant do it with fidelity

like

Thoughts on buying TWLO under 320 vs. SQ under 240 or neither?

like

Everyone’s so focused on Airbnb and Doordash lol. Nobody’s talking about C3.ai though 👀

like

Bets videos on YouTube to learn to sell covered calls

like

L&T Technology Services Is it common for HRs to avoid talking to employees in Tech Mahindra? Everytime I have a concern to discuss with HR I was asked raise an online ticket or email routed back to management. Tech Mahindra . Is this common in Indian consulting companies ? Quest global services pvt. ltd. L&T Technology Services Wipro Tata Consultancy

like

Start raising cash family. Take some profits. 4/14 3:51 est

like

Any plays on FL (Footlocker) ahead of their earnings report tomorrow?

like

Noob question on selling puts- I just sold a weekly put that I WANT to get assigned. The stock fluctuate a few dollars a day so I’m looking for a specific price to own the shares at vs entering a limit order. The stock has already gone below my selected strike price by a 30 cents today but I haven’t been assigned the shares 🤔. Is it only by expiration day or am I missing something?

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal