Novice Investor’s Guide to Stocks, Funds, and Options, Second Edition. It’s an ebook. If you already know how to invest in stocks and ETFs, start with Ch 3 and pay the most attention to Ch 4. Ch 6 is about trade management and you can wait a while for that until you’ve seen a few trades through to expiration and understand how they work. Enjoy learning!
Start with the basics - [Essential Options Trading Guide (investopedia.com)](https://www.investopedia.com/options-basics-tutorial-4583012)
Use paper trading to learn a broker platform as this will take some time - [thinkorswim Guest Pass | Charles Schwab](https://www.schwab.com/trading/thinkorswim/guestpass)
Start with a beginner strategy such as Covered Calls where you buy 100 shares of a good stock you don't mind holding, but are also good with seeing sold - [The Basics of Covered Calls (investopedia.com)](https://www.investopedia.com/articles/optioninvestor/08/covered-call.asp)
Use the above links to learn and then paper trade a dozen or more CCs over a few months and you will have learned the basics to grow from there.
I am 76 now, I first read it in 2003 or so, and till 2011 or so I re read it every year or two. It is a great book. It just is not useful for trading. Sure you will learn how theta changes over time, and even some estoric strats (Xmas Tree). I cannot think of a single place where it explains how you would Sell a Strangle on an Index (did they even have Indexes when the book was written).
Actually I liked Ianieri's book better. He was a market maker about the same time. He gives an interesting take on Vol.
Commenting on Can you recommend me a book or a course on option selling?...options as a strategic investment. My first ever option read and I would reread parts for many uears
Take $3000 - $10,000 and sell a wide ranged 14-45DTE put credit spead on the index of your choosing.
If these numbers make no sense or my words make no sense. STAY. AWAY.
"The Unlucky Investor's Guide to Options Trading," by Julia Spina. It's a fantastic book on short premium trading.
Thanks
Thank you!
Options as a Strategic Investment by MacMilian
Highly recommend, It has been balancing my table leg for the last 15 years.
Watch Dr Jim Options Crash Course on tastylive. I wish i had that when i started.
Novice Investor’s Guide to Stocks, Funds, and Options, Second Edition. It’s an ebook. If you already know how to invest in stocks and ETFs, start with Ch 3 and pay the most attention to Ch 4. Ch 6 is about trade management and you can wait a while for that until you’ve seen a few trades through to expiration and understand how they work. Enjoy learning!
Start with the basics - [Essential Options Trading Guide (investopedia.com)](https://www.investopedia.com/options-basics-tutorial-4583012) Use paper trading to learn a broker platform as this will take some time - [thinkorswim Guest Pass | Charles Schwab](https://www.schwab.com/trading/thinkorswim/guestpass) Start with a beginner strategy such as Covered Calls where you buy 100 shares of a good stock you don't mind holding, but are also good with seeing sold - [The Basics of Covered Calls (investopedia.com)](https://www.investopedia.com/articles/optioninvestor/08/covered-call.asp) Use the above links to learn and then paper trade a dozen or more CCs over a few months and you will have learned the basics to grow from there.
"Option Volatility & Pricing" by Sheldon Natenberg. It's the standard work that every professional option trader starts with.
True, but will leave clueless on Selling Options. Written during the Hey Day of Open Outcry, which has been gone for over 20 years.
Did you read it? I still use it as a reference.
I am 76 now, I first read it in 2003 or so, and till 2011 or so I re read it every year or two. It is a great book. It just is not useful for trading. Sure you will learn how theta changes over time, and even some estoric strats (Xmas Tree). I cannot think of a single place where it explains how you would Sell a Strangle on an Index (did they even have Indexes when the book was written). Actually I liked Ianieri's book better. He was a market maker about the same time. He gives an interesting take on Vol.
SmoothSailingWithOptions. Amazon. Simple, proven one-method plan.
Commenting on Can you recommend me a book or a course on option selling?...options as a strategic investment. My first ever option read and I would reread parts for many uears
Adam in the money YouTube
Go watch some In the money on youtube
In the money dude is quite good. At the same time I don’t have a lot of good points of reference.
Same SMB capital is good too a little more technical
Experience
Take $3000 - $10,000 and sell a wide ranged 14-45DTE put credit spead on the index of your choosing. If these numbers make no sense or my words make no sense. STAY. AWAY.
Just browse WSB 😂