Options
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10 step starter kit for new traders or those who aren’t consistent:
1. Choose @IBKR “Think or Swim” @WebullGlobal (Pick 1)
2. Put $2000 in the account.
3. Choose 1-2 set-ups from this list here
4. Go back 30 days for TSLA NVDA AAPL SPY and go find the set-ups
5. Choose 1 week expiry and at the money strikes
6. Choose 2-3 contracts max each trade
7. Stop loss will be 25-30 cents max
8. Price target is at least $60 cents to $1.20+
9. Sell only if you hit your stop loss or price target
10. Build confidence and conviction by preparation
X. @SuperLuckeee
Beginner guide to options profitability
These are my notes on the video, Beginner guide to options profitability.
Intrinstic value
An intrinstic value means the option has immediate worth.
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The best way to think about option contracts is that the long side is buying the option contract from the short side.
Jim Schulz. TastyLive. Full Beginner Guide to Option Profitability
Options Trader › Level 2
These are my notes on the PDF, Options Trader.
The origin story
Every story starts with an origin story. My goal is to become a financially-independent nomadic trader. One way to achieve this is by trading options. As with any subject, you have to learn how the ‘game’ works, what ‘role’ as a trader you play, and how to win at this game.
Level 2 contents
Options Trader > Level 3
These are my notes on the PDF, Options Trader.
The origin story
Every story starts with an origin story. My goal is to become a financially-independent nomadic trader. One way to achieve this is by trading options. As with any subject, you have to learn how the ‘game’ works, what ‘role’ as a trader you play, and how to win at this game.
Level 2 contents
- Condor spread
- Butterfly
- Calendar spread
- Diagonal and double diagonal
- Collar, strangle, and straddle
- LEAP
- Options strategies matrix
- Options trader Level 3 certification exam