Option Trading... DAFUQ

keep getting confused and keep at it. it's just another trading method. basically, keep an eye on the 3rd friday of every month and pick a stock that has options in dollar increments. i dislike higher increments

It's literally just legalized gambling. A side bet.

What's so hard about it?

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>>1255293

I work as options trader @ HF and have extensive past experience from banks and prop trading companies.

It's simple: options are a complex matter and not meant for retail investors. There are some who are able to make consistent profits, but those are VERY rare (similar to the ratio from startups to unicorns, or college grads to nobel prize winners). Most of them have a past as professional trader and very deep pockets, too.

For starters:
>Learn about the greeks.
>Try and read McMillans book "options as a strategic investment".(There are downloadable pdf's, just google it)

If you grasp it, you might get a picture. If not, just accept the fact that this might not be the suitable asset class for you.

And no, I can not give you a "5-sentence canterbury-tale secret sauce" that leads you to everlasting perpetual profits. Simply because there is none. Also stay away from paid tutorials and classes, courses or workshops of any kind. They're either scam or useless. Sometimes both.

Becoming a succesful (options) trader takes lot of training and time. But first and foremost: MONEY. You will make mistakes while learning, and making mistakes while trading costs money. That's simple. And I'm talking amounts a bank can easily handle, but that will hurt you and could possibly lead to bankrupcy, taking margin calls and stuff into consideration.

I don't want to discourage you, but I think it's fair and important to let you know that option markets are though and really not made for anyone.

also the tax work is bullshit as fuck, id must rather play gambler with futures than options (oh hey there are options on futures too!)

fuuug

>>1255334
It's suspicious you didnt mention hedging anywhere in there

>>1255334
You do a lot of math?

>>1255293
Have you been paper trading along with the show?
Also Mike and his whiteboard is also a good intro.
Also what concept melted your brain?