I’m a noob. I’d like to start trading options. I want to learn as much as I can, as fast as I can and start trading options asap. Where should I start? There are millions of scammers on social media so it’s very hard to sift through and find a legit coach. Any tips on where to start? YouTube videos? Any help would be appreciated!

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I got my start on YouTube with channels like Project Finance and option alpha. I'm sure there is more in-depth studies/books you could read but honestly YouTube is a great primer and I don't think you need to spend any money to learn more. I'd also say avoid “gurus” promising easy profits!

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Thanks so much! Any other YT channels?

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You’ll find to see there are a ton of strategies out there. Find what works best for you. If there is a stock that you’ve been following and have a decent understanding of that’s priced reasonably (won’t involve too much capital to enter), I’d begin there. I personally enjoy the poor man’s covered call. It allows you to capture growth while collecting premiums on weekly calls

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The best way to figure things out is just starting to trade them and seeing what each trade does. After 3-5k you get a pretty good idea of what you’re doing

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This

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So, I’ll go against the grain… if you call yourself a noob, I’d stay away from options trading for profit. Learn to use options as a hedge, but generally stay long on stocks and hedge.

Options trading without owning the underlying is closer to gambling than most things.

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I stayed a year ago. I recommend doing credit spreads first .

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YouTube obviously but any book by Charles Payne is really informative. He breaks down the process. But YouTube, watching the ones the first guy recommended are great ones. GL

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Thanks! 🙏

Don’t do it

Because unless you do this as a profession, you will lose money

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