How do I start options trading? I have a TD Ameritrade account. What are the basics for options trading? Never tried it. Is it worth taking a risk in the current situation? I’m willing to tryitout

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Lol P1 this is a terrible time to start trading options due to extreme volatility. Volatility changes by like 30 basis points and you have lost a chunk of your investment. Practicing in low volatile scenarios lets you understand true option movement better and actually make plays based on what you expect. In the current situation, you can place a put, the option price can essentially not change, but you make/lose money just because volatility.

OP - there are plenty of places to learn 101, I did on Youtube but TD has a lot of materials you can read as well

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Fortune favors the bold and Mike Tyson eats the weak (and your children).

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TDAmeritrade has a huge number of videos and on-line courses. Their trade desk is very helpful.

The basic concept is selling options is much higher probability than buying options.

You will do this through defined risk trades, such as covered calls, and spreads. Price spreads and time spreads to start.

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Make sure you understand what your doing before you start trading options. Use simulation apps and amounts if needed.

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This is a perfect time because of the extreme volatility. Everyone is placing puts, but there are some cheap calls with a lot of upside if this market turns around.

May I ask what cheap calls would you consider?

Thanks for the perspective. Appreciate it !

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